AI Wave Boosts Profits! H1 2026 Investment Gains from China Hit Record NT$289.9 Billion, TPSC Overtakes TSMC for Second Place

Global demand for AI and high-performance computing is experiencing explosive growth. According to statistics from the Chinese Research & Information Service (CRIF), while listed companies on the Taiwan Stock Exchange posted a record-breaking profit of NT$3.42 trillion in the first half of 2026, their investment returns from China also delivered strong performance. The latest data shows that in the first half of 2026, cumulative investment income from China reached NT$289.948 billion, a new historical high, representing an 11.12% year-on-year increase. Among them, Hon Hai (2317-TW) maintained its position as the top earner in China with NT$117.618 billion; Taiwan Printed Circuit Board Corp. (TPSC, 2383-TW) achieved NT$25.55 billion, surpassing TSMC (2330-TW)'s NT$20.741 billion to claim second place.

Surging global demand for artificial intelligence is driving the tech supply chain, with listed companies' investment returns from China reaching a new high of NT$289.948 billion in H1 2026, a year-on-year growth rate of 11.12%. Looking back at the past five years, investment returns declined by 12.91% in 2022 and 13.26% in 2023 due to supply chain restructuring and rising interest rates. In the first half of 2023, returns even briefly fell below the NT$200 billion mark. However, starting in 2024, benefiting from the AI chip and server upgrade wave, returns began to rebound. In H1 2024, they grew 22.59% to NT$238.987 billion, and this high-growth momentum has continued to the present.

On an individual parent company basis, Hon Hai (2317-TW) once again topped the list in H1 2026 with NT$117.618 billion in investment income from China, accounting for 40.57% of the total returns from all listed companies, with a year-on-year increase of 27.85%, demonstrating the dominance of large-scale enterprises. Notably, AI-related stock TPSC (2383-TW) saw its investment income from China soar to NT$25.55 billion in the first half of the year due to strong demand for high-end halogen-free materials and server substrates, a year-on-year increase of 130.29%. This allowed it to surpass TSMC's NT$20.741 billion and jump to second place.

The top 10 list also saw several dark horses emerge. Traditional industry giant Nanya (1303-TW), driven by investment in electronic materials and inventory restocking effects, achieved investment income of NT$5.008 billion from China, a year-on-year increase of 370.93%, jumping from 42nd place last year to 8th this year. Semiconductor packaging and testing leader ASE Group (3711-TW) and thermal solutions provider Qioptiq (3017-TW) also achieved high growth rates of 82.26% and 79.28% respectively, successfully entering the top 10.

Examining the performance of Chinese subsidiaries, Foxconn Industrial Internet (FII), listed on China's A-share market and a subsidiary of Hon Hai, led all subsidiaries with investment income of NT$71.594 billion, up 59.84% year-on-year, reflecting strong global demand for AI server assembly. Additionally, TPK Electronics Materials (Kunshan), a subsidiary of TPSC, ranked third with NT$16.222 billion, while TSMC's Nanjing subsidiary ranked fourth with NT$14.905 billion. Uni-President (1216-TW), a leader in consumer goods, contributed a steady NT$4.833 billion through its subsidiary Uni-President (China), ranking ninth.

Despite Taiwan's approved investment amount into China declining to USD 400 million in H1 2026, down 30.31% year-on-year, the record-high investment income from China indicates that the highly efficient manufacturing bases and R&D clusters Taiwanese firms have built over years in China still hold irreplaceable advantages amid the wave of AI and cloud computing upgrades. Taiwanese companies have successfully transformed from low-cost contract manufacturing to producing high-value-added core components, continuously feeding profits back to their parent companies. However, despite overall record-high profits for listed companies, the share of investment income from China in the first half has dropped to 8.48%, indicating a gradual decline in reliance on earnings from China.