TAIPEI (Reuters) -Taiwan’s Compal Electronics said on Tuesday its board has approved a $300 million investment plan in the United States to strengthen its operations and competitiveness in North America, with a focus on expanding its server business.
The plan includes a $225 million cash injection into its wholly owned U.S. unit, Compal Americas and $75 million to set up new subsidiaries that will serve as operational bases for the server business in the U.S. market.
Compal said the investments aim to mitigate risks from global trade and tariff policies while expanding its server, notebook and automotive electronics operations in the region.
(Reporting by Wen-Yee Lee; Editing by Christian Schmollinger)
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