Core Viewpoint - The supply shortage of T-Glass produced by Nittobo is expected to worsen despite the company's efforts to expand production capacity, driven by strong demand from major tech companies [2][3]. Group 1: Market Dynamics - Prismark predicts that the demand for T-Glass will exceed Nittobo's production capacity starting in the second half of 2024, as major tech companies like Nvidia, Google, and Amazon seek to procure T-Glass for semiconductor substrates [3]. - Nittobo currently has a production capacity of 500,000 square meters (㎡) of T-Glass, which is significantly higher than its competitors, including Taiwan Glass (100,000㎡), Taishan Glass (50,000 to 100,000㎡), Grace Technology (100,000㎡), and Nanya Plastics (50,000㎡) [3]. Group 2: Competitive Landscape - Nittobo plans to invest $530 million in its T-Glass division, aiming to double its production capacity by 2028, which is projected to hold a market share of 55% compared to 45% for all other competitors combined [4]. - The supply shortage of T-Glass is expected to persist this year and next, with predictions indicating that the situation will worsen by 2028 if major tech companies continue to exclusively use Nittobo products [4]. Group 3: Technical Advantages - T-Glass is characterized by a low coefficient of thermal expansion (CTE), which minimizes warping during high-temperature processes, thus meeting the demands for larger substrate sizes and miniaturized circuits [4].