Formosa Plastics signs AI data center deal: what it means for Formosa Plastics stock

Published on 10/14/2026 at 17:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Formosa Plastics posted TWD 47.20 billion revenue in the second quarter. For Formosa Plastics stock, net income reached TWD 10.65 billion.

AI expansion and quarterly recovery

Formosa New Intelligent signed an AI data center cooperation letter with Innolux on October 7, 2026.
Second-quarter revenue reached TWD 47.20 billion, up 4.10 percent year over year.
Formosa Plastics stock stood at TWD 88.90 on the Taiwan Stock Exchange on October 14, 2026.

Formosa Plastics, TW0001301000, Illustration mit AI erstellt.

Formosa Plastics is expanding into AI infrastructure with Innolux through a planned AI data center at the Formosa Enterprises Mailiao Industrial Park. Ground News reported on October 7, 2026, that Formosa New Intelligent had signed a letter of intent with Innolux to build the facility and plan a joint cloud service provider. The project gives Formosa Plastics a concrete route into computing infrastructure beyond its traditional chemicals portfolio.

AI infrastructure adds a new growth avenue

The cooperation is designed to combine the Mailiao industrial site with data center operations and computing power services. The planned joint venture would operate as a cloud service provider, linking Formosa Plastics' industrial footprint with demand for artificial intelligence infrastructure.

The financial backdrop has improved. Quartr reported that revenue reached TWD 47.20 billion in the second quarter of 2026, up 4.10 percent year over year and 12.50 percent from the first quarter. Pre-tax income reached TWD 10.86 billion, compared with a loss in the first quarter.

What does the recovery mean for margins?

The second-quarter rebound was supported by higher average selling prices across most products, according to Quartr. Six-month net income reached TWD 13.92 billion, while six-month revenue of TWD 89.24 billion remained below TWD 92.59 billion a year earlier. That contrast leaves product pricing and operating leverage as the key financial measures for the next report.

Stock reaches the yearly high

Formosa Plastics stock stood at TWD 88.90 on the Taiwan Stock Exchange at 1:30 p.m. TST on October 14, 2026, according to the latest market quote. The price matched the reported 52-week high of TWD 88.90 and placed the company at a market capitalization of TWD 565.9 billion.