Hon Hai Precision Industry Co (鴻海精密) on Wednesday said that its subsidiary Ingrasys Technology Inc (鴻佰科技) would invest NT$657 million (US$22.79 million) to lease a facility in the Farglory Free Trade Zone in Taoyuan for 60 months.
The deal covers the lease of eight floors in a factory on Hangxiang Road in Taoyuan’s Dayuan District (大園) to meet the company’s operational needs, Hon Hai said in a statement.
The lease covers two sections: floors 1 to 4, totaling 4,803.41 ping (15,875m2), and floors 5 to 8, totaling 5,042.76 ping.
Photo courtesy of Hon Hai Precision Industry Co
The two sections would be leased at a monthly rate of NT$1,050 per ping.
Hon Hai already has operations in the free trade zone, while Ingrasys has been expanding its artificial intelligence (AI) server production lines there as well as at facilities in Taoyuan’s Luzhu District (蘆竹) and Hsinchu County’s Hukou Township (湖口), according to industry sources.
Ingrasys has been aggressively expanding its operations. In late March, it announced a US$142 million investment via its US subsidiary to acquire land and a factory in Houston, Texas.
Industry analysts believe the primary purpose of the Houston acquisition is to expand AI server production capacity.
In the middle of January, Ingrasys’ US subsidiary also announced the acquisition of land and a facility in Sunnyvale, a major city in California’s South Bay area.
Hon Hai has said it is flexibly adjusting its high-end AI server production capacity across locations, including Taiwan, the US, Mexico and Vietnam.
The company estimates its AI server revenue would grow by more than 50 percent this year, with quarterly increases expected to push full-year revenue past NT$1 trillion.
When Lika Megreladze was a child, life in her native western Georgian region of Guria revolved around tea. Her mother worked for decades as a scientist at the Soviet Union’s Institute of Tea and Subtropical Crops in the village of Anaseuli, Georgia, perfecting cultivation methods for a Georgian tea industry that supplied the bulk of the vast communist state’s brews. “When I was a child, this was only my mum’s workplace. Only later I realized that it was something big,” she said. Now, the institute lies abandoned. Yellowed papers are strewn around its decaying corridors, and a statue of Soviet founder Vladimir Lenin
UNIFYING OPPOSITION: Numerous companies have registered complaints over the potential levies, bringing together rival automakers in voicing their reservations US President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’ standing in the global trading system by penalizing purchases from abroad. Administration officials could release details of Trump’s planned 50 percent duty on copper in the days before they are set to take effect on Friday next week, a person familiar with the matter said. That is the same date Trump’s “reciprocal” levies on products from more than 100 nations are slated to begin. Trump on Tuesday said that he is likely to impose tariffs
HELPING HAND: Approving the sale of H20s could give China the edge it needs to capture market share and become the global standard, a US representative said The US President Donald Trump administration’s decision allowing Nvidia Corp to resume shipments of its H20 artificial intelligence (AI) chips to China risks bolstering Beijing’s military capabilities and expanding its capacity to compete with the US, the head of the US House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party said. “The H20, which is a cost-effective and powerful AI inference chip, far surpasses China’s indigenous capability and would therefore provide a substantial increase to China’s AI development,” committee chairman John Moolenaar, a Michigan Republican, said on Friday in a letter to US Secretary of
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) market value closed above US$1 trillion for the first time in Taipei last week, with a raised sales forecast driven by robust artificial intelligence (AI) demand. TSMC saw its Taiwanese shares climb to a record high on Friday, a near 50 percent rise from an April low. That has made it the first Asian stock worth more than US$1 trillion, since PetroChina Co (中國石油天然氣) briefly reached the milestone in 2007. As investors turned calm after their aggressive buying on Friday, amid optimism over the chipmaker’s business outlook, TSMC lost 0.43 percent to close at NT$1,150
RSS