Latest news with #WistronCorp
Reuters
5 days ago
- Business
- Reuters
Taiwan's Wistron to raise up to $923 million in share sale
SYDNEY, June 5 (Reuters) - Taiwanese electronics manufacturer Wistron Corp ( opens new tab is looking to raise up to $923 million by selling global depository shares that will be listed in Luxembourg, according to a term sheet reviewed by Reuters on Thursday. The company, which is a supplier to Nvidia (NVDA.O), opens new tab, is selling up to 250 million depository shares in a price range of $36.20 to $36.93, the term sheet said. That is a discount of 4% to 6% to a closing stock price of NT$115 ($3.85) on Thursday. Wistron did not immediately respond to a request for comment from Reuters. The company plans to use the money raised in the share sale to buy raw materials in foreign currencies, the term sheet showed. The shares are due to start trading on June 16. Wistron said last month its new U.S. manufacturing facilities for customer Nvidia would be ready next year and that it was in talks with other potential customers. The facilities will produce high-performance computing and AI-related products. ($1 = 29.9060 Taiwan dollars)
CNA
5 days ago
- Business
- CNA
Taiwan's Wistron to raise up to $923 million in share sale
SYDNEY :Taiwanese electronics manufacturer Wistron Corp is looking to raise up to $923 million by selling global depository shares that will be listed in Luxembourg, according to a term sheet reviewed by Reuters on Thursday. The company, which is a supplier to Nvidia, is selling up to 250 million depository shares in a price range of $36.20 to $36.93, the term sheet said. That is a discount of 4 per cent to 6 per cent to a closing stock price of NT$115 ($3.85) on Thursday. Wistron did not immediately respond to a request for comment from Reuters. The company plans to use the money raised in the share sale to buy raw materials in foreign currencies, the term sheet showed. The shares are due to start trading on June 16. Wistron said last month its new U.S. manufacturing facilities for customer Nvidia would be ready next year and that it was in talks with other potential customers. The facilities will produce high-performance computing and AI-related products. ($1 = 29.9060 Taiwan dollars)
The Star
06-05-2025
- Business
- The Star
Wistron Corp to invest additional $455 million in new U.S. unit
TAIPEI (Reuters) - Taiwanese electronics manufacturer and AI server maker Wistron Corp said on Tuesday its board has approved an additional investment of $455 million in its new U.S. subsidiary. The new planned investment would bring the total planned capital injection into the subsidiary to $500 million, Wistron said in a press release. The move ramps up Wistron's earlier commitment, announced on April 2, to invest $45 million to set up a subsidiary to "support business development and strategic growth" in the United States. (Reporting by Wen-Yee Lee; Editing by Louise Heavens)
Bloomberg
15-04-2025
- Business
- Bloomberg
Taiwan Bidders Are Said to Be Circling AMD's ZT Server Assets
Compal Electronics Inc., Wistron Corp. affiliate Wiwynn Corp. and US company Jabil Inc. are set to submit revised offers for Advanced Micro Devices Inc. 's AI server assembly plants, according to people familiar with the matter. Inventec Corp. and Pegatron Corp., which Bloomberg News previously reported were also interested in the assets, have since dropped out of the bidding, said the people, who asked not to be identified because the information is private.
