Cloud computing equipment company Wiwynn Corp (緯穎科技), which counts Meta Platforms Inc as one of its key customers, is boosting capacity expansion in Malaysia through a new investment of about NT$1.94 billion (US$64.7 million), it said yesterday in a statement filed with the Taiwan Stock Exchange.
The investment, which aims to help the company with business development and strategic arrangements, would be made through subsidiary Wiwynn Technology Services Malaysia Sdn Bhd to build a new factory, Wiwynn said in the filing.
The announcement came about one-and-a-half months after the company started phase II of its new server printed circuit board assembly (PCBA) plant for cloud data centers at the Senai Airport City industrial development in Malaysia’s Johor state.
Photo courtesy of Wiwynn Corp
With the new server PCBA plant, Malaysia would become one of Wiwynn’s manufacturing hubs, providing complete services from PCBA to rack integration to address surging demand from hyperscale data centers, it said.
Wiwynn said it plans to complete phase I construction of the facilities — a server rack integration plant — in the first quarter of next year, followed by the PCBA plant in 2024.
Wiwynn is a subsidiary of notebook computer maker Wistron Corp (緯創), which owns about a 44 percent stake in the server manufacturer.
Wiwynn, based in New Taipei City’s Sijhih District (汐止), posted a record-high net profit of NT$3.56 billion last quarter, a 54.3 percent increase from NT$2.31 billion in the second quarter last year, the company said in a statement released earlier this month.
Earnings per share rose to NT$20.38 last quarter, up from NT$13.2 a year ago.
Revenue soared 46.62 percent to a record high NT$75.06 billion during the quarter ending on June 30, compared with NT$51.29 billion in the same period last year.
Wiwynn expected the growth momentum for cloud-based data centers to extend into the second half of the year, as companies accelerate digital transformation and adopt artificial intelligence applications, the statement said.
The company said it would continue investing in expanding capacity in Taiwan, North America and Southeastern Asia in response to market uncertainty and supply chain risks.
The company is also seeking closer collaboration with customers and supply chain suppliers to maintain resilient operations, it added.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle
RSS