Wistron announced that its Board of Directors approved additional capital expenditures totaling NT$7.1 billion for its facilities in Kaohsiung and Hsinchu, Taiwan, and proposed acquiring a factory building in Tainan from Coretronic Corporation for up to NT$1.0 billion.
The approved capital expenditures include NT$6.5 billion for the Kaohsiung facility and NT$591.6 million for the Hsinchu facility. The funds will support facility upgrades and the acquisition of machinery and equipment.
The proposed Tainan factory acquisition is subject to a consideration not exceeding NT$1.0 billion.