Following the easing of US reciprocal tariffs to 15%, Taiwan’s Fortune Electric is seeing meaningful relief in cost pressures while accelerating growth driven by robust demand from AI data centers and US infrastructure investment.

The IC substrate industry is accelerating its recovery into a new bull cycle, driven by steady growth in AI-related application demand. At the same time, price increases are gradually taking effect, benefiting companies like Unimicron and Nan Ya PCB, which reported doubled profits for December 2025.

On January 16, 2026, Taiwan and the US finalized a trade agreement that cuts tariffs on Taiwanese exports to the US to 15% without stacking. The US also pledged most-favored-nation status and duty-free quotas for Taiwan under Section 232 semiconductor-related tariffs regardless of future rate changes. This outcome reflects Taiwan’s technological strength and raises questions about whether Taiwanese firms investing in China and Vietnam will now consider reshoring amid improved US-Taiwan trade terms.