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)
