Focus Stock: Taisys Water Cooling Shipments Recover, Double-Digit Growth Expected in Second Half, Hits Trading Limit

Taisys (3338-TW), a cooling solutions manufacturer, is actively expanding into the AI server cooling market. Orders for its liquid cooling products have rebounded, driving a sequential quarterly improvement in second-half operations. The company expects server-related products to account for over 50% of total revenue in the second half, with liquid cooling products projected to achieve double-digit year-on-year growth. This momentum propelled Taisys shares to hit the daily trading limit today (21st), closing at NT$69.1.

Taisys opened at NT$66.2 in early trading and quickly surged to the upper limit of NT$69.1, reclaiming both the 5-day and 200-day moving averages. Buy orders lined up at around 300 lots, with trading volume exceeding 1,000 lots.

The company’s strategic focus on AI server liquid cooling is gradually paying off. In the second half, shipments of liquid cold plates and manifolds will ramp up, supporting double-digit annual growth for liquid cooling products—now the primary driver of revenue expansion. This growth will also push the server product segment’s revenue share above 50%.

On the production front, Taisys has already expanded capacity in Thailand and plans further expansion at its Dongguan, China facility this year. The facility will primarily produce liquid cooling components, including cold plates, manifolds, and coolant distribution units. Current monthly production capacity in China is approximately 80,000 units, expected to increase to 120,000 units post-expansion.