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.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last