Report published September 14, 2026

TECO (1504.TW): Modular Data Center Expansion & AI Infrastructure Growth – Goldman Sachs

Goldman Sachs · September 14, 2026

Goldman Sachs hosted TECO (1504.TW, not covered) at its Asia Leaders Conference 2026, where management expressed strong optimism for data center expansion in Southeast Asia. TECO's Modular Data Center (MDC) offerings cut deployment time by ~50% to under nine months and reduce capex by 15-20%, positioning the company well for CSP and sovereign AI projects.

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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.TECO management is seeing strong data center demand in Southeast Asia, driven by a leading US CSP client's 1GW five-year buildout plans in Malaysia and Thailand, with future potential in Indonesia.
2.Modular Data Center (MDC) solutions reduce AI data center deployment time by approximately 50% to under nine months and cut capex by 15-20% by shifting engineering work to factory production.
3.Beyond US hyperscalers, sovereign AI projects are emerging as new demand drivers, including a planned 5-year 350MW AI data center project in Japan suitable for MDC deployment.

Asia Leaders Conference 2026
Company profile
Key Takeaways
1. Data center business
2. Modular Data Center (MDC) strength

Report data

Asia Leaders Conference 2026 Banner

Metric	Estimate	Context
MDC deployment time reduction	50.0%	Modular Data Center saves AI data center deployment time to within 9 months.
MDC capex reduction	15-20%	MDC reduces capex by shifting onsite engineering to factory production.
MDC single-unit capacity	2.7 MW	TECO's MDC product delivery capacity for a leading US CSP in Malaysia.
Leading US CSP capex forecast	1.1 USD trillion	Goldman Sachs raised US CSP capex estimates reaching up to US$1.1tn by 2028E.
TECO historical data center capacity built	700.0 MW	Capacity of data centers TECO has built across Southeast Asia (text notes '700 MV').