AI Race Spurs Largest Taiwanese Fundraising Boom Since 2007
- Share sales by Taiwan firms abroad totalled $2.9 billion
- Hon Hai among issuers seeking cash to fund capacity expansion
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Taiwanese companies are raising the most money in almost two decades as chipmakers embark on expansion plans to meet growing demand for artificial intelligence components.
Offerings from chipmakers and hardware manufacturers helped drive total additional share sales abroad by Taiwanese companies to $2.9 billion so far this year, on track for the most since 2007, data compiled by Bloomberg show. The total issuance of convertible bonds denominated in the greenback has also soared to $2.5 billion.