Taiwanese electronics contract manufacturer Kinpo is shifting its focus toward AI power supplies and quantum computers — good news for investors looking to ride the AI hardware theme, though meaningful revenue contributions are still several years away.

• Kinpo spent nearly 10 months this year automating its server power supply production lines, and will begin mass production of AI server power supplies in the fourth quarter.
• On the quantum computing side, a prototype of its first-generation qubit control system has been completed, with connection testing scheduled from late October to early November.
• A single prototype can control three to five qubits; the company aims to scale from a handful of units to several dozen early next year, with larger-scale systems expected in 2028 to 2029.
• Kinpo's product is a room-temperature control system built on a general-purpose architecture, meaning companies working on superconducting quantum computers, such as IBM and Google, are all potential future customers.
• A previously suspended low-Earth-orbit satellite project was restarted in the second half of the year, and has been expanded into a multi-orbit plan covering low, medium and high orbits.

Outlook: The company's plants in Thailand, Mexico and Brazil are all running at full capacity and new products continue to be introduced. Near-term revenue momentum rests on AI power supplies, while quantum computers are a story for 2028 and beyond.