By late March, Taiwan's equity market is offering a more nuanced read of the AI infrastructure boom. While accumulated revenue and year-over-year growth through February continue to point to strong structural demand, recent share price movements suggest that the market has begun to recalibrate expectations. The result is a growing divergence between backward-looking financial data and forward-looking capital market signals.

Taiwan inductor maker Tai-Tech has begun mass production at its Malaysia plant, targeting customers shifting supply chains away from China. The facility has secured a qualification from a US networking equipment provider, supporting new AI-related orders and expected volume growth from 2026.

Japanese optical component and office equipment maker Konica Minolta said on March 18 it will scale up its optical components business for semiconductor inspection systems, targeting revenue of JPY15 billion (approx. US$94.1 million) in the fiscal year ending March 2031 (April 2030-March 2031). The segment is projected to generate JPY2.5 billion in fiscal 2025.