2 days ago
As Demand For Their Cooling Devices Hots Up, Brothers Ride The AI Wave To Debut On Taiwan's 50 Richest List
Jentech's headquarters in Taipei.
This story is part of Forbes' coverage of Taiwan's Richest 2025. See the full list here.
The frenzied AI data center buildout has been a boon for Taiwan-listed Jentech Precision Industrial, a maker of cooling components and other parts for semiconductors. The company's rising shares earned founder and chairman Chao Chung-Hsin and his younger brother Chao Yung-Tsang, vice chairman, a debut spot on the list this year with a combined wealth of $2.1 billion.
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Jentech, which also makes electrical parts such as microswitches, reported a 52% jump in net profit to NT$3.4 billion ($112 million) for 2024 on revenue of NT$14.3 billion, up nearly a fifth from a year ago. U.S. tariffs don't pose a direct threat: the company derives 90% of its revenue from Asia.
With growing demand from domestic clients, such as chipmaker TSMC and packaging firm ASE, Taiwan accounts for 90% of Jentech's production and will continue to remain the primary manufacturing base for the next three years, the company says. Last year, Jentech snatched a 62% stake in its Taiwanese competitor Kenly Precision Industrial for NT$1.7 billion, which also gave it access to land banks in Taipei for further expansion.
A high school dropout, Chung-Hsin picked up industrial molding expertise by working in factories in Taipei suburbs before starting his own venture in 1978, molding metal parts for car audio systems. Nine years later Yung-Tsang came on board; the brothers set up Jentech and broke into TV game-console parts. Chung-Hsin oversees research and development, while Yung-Tsang focuses on finance and operations.
