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These 2 Oil Stocks Are ‘Top Picks’ Ahead of Earnings, Says Analyst

Reuters

Taiwan’s Delta Electronics expanding ‘everywhere’ on EV, server boom

Taiwan’s Delta Electronics Inc, a supplier of power components to companies such as Apple Inc and Tesla Inc, is expanding manufacturing “everywhere” on a boom in electric vehicles and servers, it said on Friday. CEO Cheng Ping, in buoyant comments on a first-quarter earnings call, said the firm was building new factories in Taiwan, China, India and Thailand and looking for new manufacturing sites in the United States and eastern Europe. Chairman Yancey Hai added the company, which produces some 60% of its products in China, was seeing strong demand for electric vehicles, or EVs, servers and data centres.

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