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Taiwanese tech firms are turning to international investors for fresh funding as global AI spending lifts demand across the hardware supply chain, from servers to electronic components. Wistron has approved extra spending to expand production capacity in Taiwan and opened a $700 million plant in Texas in July to manufacture Nvidia's latest AI systems. Wistron said in the filing that it would use the proceeds from the share sale to fund purchases of raw materials in foreign currencies. Reuters reported earlier on Monday that Wistron was marketing 25 million global depositary receipts in a price range of $58.67 to $59.79 each. The final price was near the bottom of that range. Wistron will issue 25 million global depositary receipts, representing 250 million common shares, according to the filing. Each receipt represents 10 Wistron shares, translating to a price of about T$186.24 ($5.91) per share, based on an exchange rate of T$31.631 to the U.S. dollar, the filing showed. The offering price represents a discount of about 5.5% to Wistron's Monday closing price of T$197. The new shares will dilute existing shareholders by about 7.29%, Wistron said in the filing, adding that it did not expect material dilution of shareholder interests. Wistron said in August that AI server demand from cloud computing firms and business customers continued to exceed supply. Its second-quarter net profit rose 128% from a year earlier, while revenue climbed 64%. Wistron's shares closed 0.5% lower on Monday, but have climbed 30% year-to-date. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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