TAIPEI (Taiwan News) — Asia Vital Components (AVC) announced Wednesday that revenue and profit reached historic highs in 2024.

The company reported revenue of NT$71.8 billion (US$2 billion), a 21.2% year-on-year increase, and a parent company net profit of NT$8.17 billion, marking a significant 54% growth from 2023. Earnings per share reached NT$21.21, per CNA.

The company’s board of directors approved a cash dividend of NT$10 (30 cents) per share. This includes NT$7 from profit distribution and NT$3 from capital surplus.

AVC, a leader in Taiwan's cooling industry, has leveraged years of collaboration with major cloud service providers and a high degree of in-house manufacturing. The company's substantial growth last year was driven by increased demand for cooling solutions in AI servers.

The mass production of Nvidia's GB200 this year is expected to spark an increase in liquid cooling demand, creating significant growth opportunities for Taiwan's cooling supply chain. AVC has already secured Nvidia certifications for its cold plates and manifolds, positioning the company for continued success.

Cold plates are directly attached to the surface of heat-generating chips to absorb the heat produced. They transfer the thermal energy to the coolant, maintaining the chip's stable operating temperature.

The manifold evenly distributes coolant to each cold plate and collects the returned heated liquid. It ensures efficient circulation and enhances overall cooling performance.

Institutional investors are optimistic that AVC’s performance will continue to improve this year.