Taiwanese tech firm MiTAC Holdings is ramping up its North American operations with a NT$804 million (US$25 million) capital injection into its US assembly plant, MiTAC Information System Corp. The move comes as the company struggles to keep pace with surging orders for servers and automotive electronics.
MiTAC’s subsidiary, Shenyun Technology, announced the board’s decision to purchase 1,250 shares at US$20,000 each in the US facility. The investment aims to expand production capacity, which has been stretched thin by growing demand from major cloud providers like Oracle and Amazon AWS.
The company’s general manager, He Jiwu, previously indicated expectations for growth in both general and AI server businesses this year. MiTAC’s server division has seen a significant upturn, driven by data center expansions and increased sales to small and medium-sized cloud service providers.
MiTAC’s third-quarter revenue hit NT$15.15 billion (US$471 million), up 54.58% year-on-year. With continued growth anticipated, analysts predict fourth-quarter revenue could challenge the company’s all-time high, potentially leading to record annual results.
