Taiwanese copper-clad laminate maker Iteo has ridden the wave of price increases and supply shortages brought on by AI servers, sending its share price to a record high in a short space of time — good news for shareholders.

• Iteo has rallied from its late-July low, with a maximum gain of more than 1.3-fold in under a month, hitting a record high in intraday trading ahead of the broader market's own peak.
• Top-tier manufacturers have shifted capacity toward high-end laminates for AI applications, causing mid- and low-end orders to spill over, and Iteo has picked up this wave of business.
• Prices of raw materials such as fibreglass cloth rose sharply in the first half of the year, and Iteo raised its selling prices several times, lifting its average unit price by about 30 percent and successfully passing costs on to customers.
• The company's first-half profit already exceeded its full-year figure for last year, and it is expanding plants in Wuxi, China, and in Thailand, with capacity set to double gradually over the next few years, focused on high-end laminates and large cloud customers.
• The rally has been driven mainly by foreign investors and major buying interest, with foreign investors buying heavily since the start of August.

Outlook: Foreign investors expect revenue to keep growing quarter by quarter over the next two quarters, with the price-increase wave continuing into the first half of 2027, but the stock has risen a great deal in the short term and profit-taking pressure could emerge at any time.