Wiwynn and Compal Approved for $900M Investment in US and Mexico for Manufacturing Expansion
Wiwynn Corp and Compal Electronics Inc have received approval for a combined $900 million investment in the US and Mexico to enhance their manufacturing capabilities for servers and cloud-based data centers. Wiwynn will allocate $220 million to its Mexican unit and $250 million to its US operations, while Compal plans to invest $425 million to establish its first server manufacturing plants in Texas. Additional investments include Lite-On Technology's $200 million in Vietnam and Merry Electronics' $68.34 million acquisition of Japan's MWT Holdings.
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Wiwynn Corp and Compal Electronics Inc have been approved to invest a total of $900 million in the US and Mexico to increase manufacturing capacity for servers and cloud-based data centers. Wiwynn plans to invest $220 million in its Mexican unit and an additional $250 million in its US unit, Wiwynn Technology Corp.
Compal intends to invest $425 million in its US unit, Compal USA Technology Inc, to establish its first server manufacturing plants in Taylor, Texas. Compal has leased a facility for $65.67 million and anticipates starting production in the second half of the year.
Additionally, it will set up a service center in Georgetown, Texas, for $28.43 million. Other approved investments include Lite-On Technology's $200 million in Vietnam and Merry Electronics' $68.34 million acquisition of Japan's MWT Holdings.
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