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Investing.com -- General Interface Solution (GIS) has secured an exclusive role in the backend processing for Ultra-Thin Glass used in Apple’s upcoming foldable iPhone and iPad, according to TF International Securities analyst Ming-Chi Kuo.
The company will handle the backend processing for the UTG supplied by Corning, which includes cutting, edge treatment, inspection, and packaging. This component is critical for Apple’s foldable iPhone expected in 2026 and foldable iPad planned for 2028.
Apple has reportedly revised its shipment forecasts upward for the foldable iPhone to 8-10 million units in 2026 and 20-25 million in 2027, significantly higher than previous estimates.
Beyond foldable devices, GIS will maintain its position as the sole lamination supplier for Vision Air, a more affordable version of Apple’s Vision Pro headset expected in 2027. The company will also replace the current vendor to become the exclusive supplier of Pancake lenses for the device, enhancing vertical integration and potentially improving profits.
According to Kuo, GIS showed improved financial performance in the second quarter of 2025, with healthier operating margins and inventory levels compared to the fourth quarter of 2024, despite it being a traditionally slow season. This suggests the company is at a structural turning point, moving from losses toward sustained profitability.
The analyst projects that these new Apple orders could add approximately NT$1.5-2 to GIS’s earnings per share in 2026, NT$3-4 in 2027, and NT$5-6 in 2028.
Kuo noted that Apple appears to be accelerating its hardware innovation starting in 2026, creating new growth drivers for its supply chain, with foldable devices and head-mounted displays becoming core next-generation products.
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