In Taiwan, Artificial-Intelligence Fundraising Survives Market Maelstrom
- Quanta Computer seeks up to $1 billion via hybrid securities
- Taiwanese firms have raised $2.9 billion via additional shares
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A new convertible bond offering by a major supplier to Apple Inc. will add to the dollar funds raised by Taiwan’s tech firms this year, thanks to the hybrid securities’ popularity and demand for artificial intelligence investments.
Quanta Computer Inc., a MacBook contract manufacturer, is seeking to raise up to $1 billion by selling convertible notes, it announced in a filing dated Friday. The company said it will use the proceeds to buy raw materials. Citigroup Inc. and HSBC Holdings Plc are the deal’s underwriters, with Yuanta Securities Co. acting as financial adviser.