AI makes a fortune for furniture company, makes its owner Taiwan's richest man
Businessman Lin Tsung-chi, furniture company King Slide Works' owner, has become Taiwan's richest man, thanks to AI. King Slide not only makes cabinet hinges and drawer slides but also rails used in AI server racks, which hold equipment worth trillions globally. The firm enjoys margins fatter than even Nvidia, helping push its stock price up by 280% this year.