All data are based on the daily closing price as of September 17, 2024

Delta Electronics Boosts U.S. Investments with $209 Million Expansion

Company aims to strengthen R&D and manufacturing for data centers, telecoms, and EV charging solutions
Taiwan
d 2308.TW Blue Chip 150 OM 60 Tech 350
Share this on

Delta Electronics has announced plans to invest over $209 million (approximately NT$6.74 billion) in expanding its operations in the U.S., focusing on Texas. The investment includes $4.2 million for a new FWT laboratory and $205 million for building an F2 factory and office space. The expansions are aimed at supporting growth in data centers, telecommunications, and electric vehicle (EV) charging solutions.

The new Texas facility is expected to be completed in three years, with an anticipated workforce of nearly 1,000 employees by 2030. This move is part of Delta’s broader strategy to enhance its presence in the U.S., following a $35 million land purchase in Plano, Texas, in 2022 to support its telecom and EV infrastructure businesses.

Delta has also expanded in Detroit to cater to the automotive sector, opening a new R&D center earlier this year. The company, a major player in EV charging solutions, has shipped over 3 million units globally, with the North American market accounting for 1 million units.

Delta’s expansion is part of its global strategy to diversify production in response to the U.S.-China trade tensions and growing customer demand.

 

 

 

 

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top