Manufacturing & contract electronics

The AI train rolls on: chip-packaging tool makers’ sales jump

All Ring’s October revenue tripled from a year earlier and E&R’s doubled, while Powertech supplier Contrel slid.

Cbot Crew

Cbot Crew

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Line chart of monthly revenue at Horng Terng, E&R and Contrel, three Taiwan equipment makers, October 2024 to October 2026, with Horng Terng at a two-year high.

Taiwanese makers of chip-packaging equipment mostly reported sharp sales gains for October, with several saying customers are expanding capacity as demand for AI chips continues unabated. All Ring Tech’s revenue rose 217.7% from a year earlier, E&R’s 109.2% and Horng Terng’s 64.9%, to its highest in at least two years. Contrel Technology’s fell 36.4%.

Two Kaohsiung equipment makers reported bigger jumps from a year earlier in their monthly filings to the Taipei Exchange, both saying customers are expanding capacity:

  • All Ring Tech (萬潤科技): NT$978.0 million (about US$30.1 million), up 217.7% from a year earlier, though down 15.7% from September. Its October 2025 revenue had fallen 39.8% from a year before.
  • E&R (鈦昇科技): NT$257.5 million (about US$7.9 million), up 109.2% from a year earlier.

All Ring is also preparing to build abroad. On Nov. 10 it guaranteed NT$477.8 million (about US$14.7 million) for a US subsidiary to buy property, build a plant and fund its operations.

Horng Terng (竑騰科技), a seller of chip-packaging equipment in Kaohsiung, Taiwan, reported October revenue of NT$300.9 million (about US$9.3 million), up 64.9% from a year earlier. That is its highest monthly revenue in at least two years of filings, by our count. The company said monthly swings are normal for an equipment maker and put the rise mainly down to customers accepting more of its machines than a year earlier.

Its revenue filing names no customers, but one is on record. Chip packager Powertech Technology (力成), based in Hsinchu County, said in an Oct. 29 filing that it had ordered NT$687.7 million (about US$21 million) of packaging equipment and parts from Horng Terng in one lot between Nov. 6, 2025, and Oct. 29, as reported here. Horng Terng's board approved up to NT$2 billion (about US$62 million) of convertible bonds on Oct. 23, to build a plant and add working capital.

Revenue fell at another Taiwanese supplier to Powertech. Contrel Technology (東捷科技) of Tainan won a NT$559.7 million (about US$17 million) packaging-equipment order that Powertech disclosed on Oct. 5, covered here in October. Its October revenue fell 36.4% from a year earlier, to NT$184.9 million (about US$5.7 million), against a strong October 2025 that had been up 43.0%. It has been below year-earlier levels every month since July. Contrel gave no reason.

Powertech isn't the only packager buying from local tool makers. A unit of ASE Technology Holding bought NT$1.24 billion (about US$38 million) of machinery from New Taipei-based Gallant Micro Machining between April 15 and Nov. 4, according to an ASE filing covered here in November.

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Editor: Ian Lamont

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