Wistron Raises 1.47 Billion in Share Sale
Nvidia supplier Wistron raised 1.47 billion dollars through a global share sale to fund foreign currency raw material purchases. The Taiwanese tech firm is expanding capacity to meet soaring global AI hardware demand.
WISTRON CORP raised $1.47 billion on Monday evening through a global share sale to fund raw material purchases. The offering prices depositary receipts at $58.88 each, targeting strong global hardware demand. The capital raise comes as hardware makers in Taiwan tap international investors to scale production. Global artificial intelligence spending continues to drive heavy supply chain expansion. The funding follows a $700 million plant opening in the United States in July. The facility builds advanced systems for NVIDIA CORP as cloud computing demand outpaces supply.
