Lite On to pump additional 320 million into subsidiaries in Vietnam
Taiwanese electronics group Lite On Technology Corporation will inject an additional 320 million into two wholly owned subsidiaries in Vietnam to expand production capacity amid increasing demand for AI infrastructure
Lite-On Technology has approved additional capital injections of $210 million and $110 million for its subsidiaries in Vietnam, according to filings with the Taiwan Stock Exchange on October 30. The capital will be invested in phases based on demand and will come from the company's own resources. Following the approved capital increase, Lite-On's cumulative investment in Lite-On Vietnam is expected to reach $542.5 million, and its investment in Lite-On Technology Vietnam will total around $369 million.
This expansion comes as global demand for AI infrastructure grows, with a significant portion of revenue now coming from high-value AI server power supplies, cloud computing products, and power management systems. Lite-On's president, Anson Chiu, highlighted the company's focus on high-value opportunities in AI infrastructure, including AIDC power management, liquid cooling, and optical communications.
Lite-On, which has been operating in Vietnam since 2013, specializes in manufacturing various electronic components and is expanding its presence in the high-value AI infrastructure sector.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
