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Tuesday, May 7, 2024

Quanta planning NT$910m expansion in Thailand

  • By Angelica Oung / Staff reporter

Quanta Computer Inc (廣達電腦) is to invest NT$910 million (US$32.15 million) to expand capacity in Thailand through its subsidiary QMB Co, the company said in a regulatory filing yesterday.

The investment is part of Quanta’s NT$2 billion Thai expansion plans, which it announced in a regulatory filing in November last year.

QMB was established in 2019 as a part of Quanta’s efforts to exit China amid a US-China trade dispute.

Photo: Tu Chien-jung, Taipei Times

In an investors’ conference call, Quanta chairman Barry Lam (林百里) described the move to Thailand as a “must.”

According to the Taiwan Stock…

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