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.
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