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Taiwan-based Meta cloud supplier invests $300m in US

Taiwan-based Wiwynn Corp plans to invest US$300 million in its first manufacturing facility in US as part of its strategy to adjust its supply chain amid global economic uncertainties.

The company currently operates manufacturing sites in Taiwan, Mexico, and Malaysia.

It is also expanding domestically, allocating NT$8 billion (US$243.8 million) for a new facility and office at Southern Science Park in Taiwan, a 29% increase over initial estimates.

The company supplies major cloud service providers like Meta Platforms and Microsoft. AI-enabled server sales made up 50% of its revenue in Q4 2024, up from 20% in Q1.

Wiwynn reported record net profits of NT$7.05 (US$214.25 million) billion in the last quarter of 2024, doubling from NT$3.51 (US$106.67 million) billion the previous year.

Annual net profits rose 89% to NT$22.78 billion (US$692.3 million) , while revenue grew 49% to NT$360.54 billion (US$10.96 billion).

The company remains focused on expanding its production footprint and meeting the growing demand for data center solutions.

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