Taesung's backlog surges on rising AI server FC-BGA investment

Independent research firm 'ValueFinder' report 등록 2026-10-19 오전 9:15:00 수정 2026-10-19 오전 9:15:00 가 가 [Edaily Reporter Kwon Oh Seok] Independent research firm ValueFinder published a company report on ‘Taesung’ on the 19th, saying, ‘Taesung has secured an order backlog of more than about six times last year’s revenue, benefiting from higher capex by global substrate makers amid growing demand for AI server FC-BGA, and its new glass substrate and composite copper foil businesses will become mid- to long-term growth drivers.‘ The company is expected to handle orders and expand its new businesses on the back of its new Cheonan plant, which has about seven times its previous production capacity. No investment rating or target price was provided. Founded in 2006 and listed on KOSDAQ in 2022, Taesung specialises in PCB manufacturing process equipment, developing and manufacturing PCB wet process equipment for developing, etching and stripping, as well as glass substrate and composite copper foil manufacturing equipment. It has about 50 customers at home and abroad, including LG Innotek and Samsung Electro-Mechanics. On a 1H26 basis, revenue breaks down into equipment 85.3%, services 8.6%,...