Taiwanese contractor Dagin Construction says orders for high-tech plants keep coming in — good news for companies involved in building semiconductor and AI-related facilities.

• Dagin Construction has roughly NT$39.3 billion in work still in progress, and 75% of its first-half revenue came from plant projects.
• The company expects domestic demand for tech plant construction to remain strong through 2028 to 2030.
• Tech plants are more profitable than commercial offices and public works, so the higher their share of orders, the higher the gross margin goes.
• Its real-estate business is set to run dry: after this year, there are no projects to be recognised as revenue through 2028, with the next ones coming in 2029 at the earliest.
• The company still holds 785 lots of TSMC shares, marking gains and losses to market value each quarter, with no plans to sell in the short term.

Outlook: Plant orders should hold up near-term results, but in the years with no property projects to book, earnings performance may be relatively flat.