TAIPEI (Taiwan News) — Taiwanese companies are poised to benefit as OpenAI committed NT$9 trillion (US$300 billion) to purchase computing power from Oracle over the next five years.

The agreement, first reported by the Wall Street Journal, ranks among the largest AI-related procurements in history. Oracle’s stock gained 35.95% on Wednesday, its biggest single-day gain since 1992, boosting its market value to roughly US$933 billion and making it the world’s 12th largest firm, according to CTEE, Business Today, and UDN Money.

The contract is 30 times OpenAI’s current annual revenue, which is around US$10 billion. It is set to accelerate AI server deployment and create substantial opportunities for Taiwan’s hardware suppliers, including Foxconn, Mitac, Wiwynn, Quanta Computer, and Wistron.

Effective in 2027, the agreement will prompt Oracle to expand AI server construction with these partners. Wiwynn, which currently handles Oracle GB200 orders, hit its daily trading limit of 9.97% Wednesday, closing at NT$3,310.

Mitac, a major supplier of Oracle AI servers through its subsidiary Mitac Computing Technology, began working on Oracle AI server projects in Q4 2024. Consolidated revenue through August rose 99.18% year-on-year.

Cathay Securities noted that surging client orders and new sovereign AI projects could drive Mitac’s revenue from 2026 to 2029 well above peers. Its stock closed at NT$87.9 on Thursday, with a target price of NT$120.

President Securities Chair Li Fang-kuo (黎方國) highlighted that Oracle’s infrastructure and cloud capabilities, together with accelerated AI adoption in databases and enterprise software, will benefit the company and its AI server partners. Analysts say Taiwanese suppliers stand to gain as Oracle fulfills multi-billion-dollar commitments with OpenAI, xAI, Meta, Nvidia, and AMD, signaling strong long-term growth potential.