TPE:2324

3 stories mentioning TPE:2324Updated just now

Every FINWIRES story that references TPE:2324, newest first.

Compal Electronics to Invest Up to $80 Million to Expand IoT Business; Shares Surge 10%

Compal Electronics' (TPE:2324) board approved an investment of up to $80 million to establish a new unit, Compal IoT (Cayman), to expand its global IoT business, according to a Thursday filing with the Taiwan Exchange.Through the new holding company, Compal plans to acquire Semtech's IoT cellular module business for about $62 million.The acquisition is aimed at expanding the company's IoT footprint and integrating R&D, manufacturing, operations, and sales resources to support revenue growth, operating efficiency and profitability.The investment will be funded from Compal Electronics' own resources, it said.Shares of the electronics manufacturer surged 10% in recent trade.

TPE:2324

Asia70d ago

Market Chatter: Compal Targets 10% Server Revenue as It Expands AI Push

Compal Electronics (TPE:2324) is targeting a sharp expansion in its AI server business as it works to lift server revenue to 10% by the end of this year, up from about 5% in the first quarter, CNA reported Wednesday, citing the company's General Manager Bernardo Rohde.He said the company sees opportunity in entering the AI server market later than peers, while sharpening its focus on core customer needs and infrastructure demand, according to the report.Compal also aims to reshape its revenue mix, targeting a 50:50 split between PC and non-PC businesses by 2027, compared with about 65% from PCs and 35% from other segments currently. Non-PC operations include servers, communications and healthcare, with growth supported by rising average selling prices and scaling infrastructure demand.The company is also expanding production capacity across Texas, Taiwan and Vietnam, alongside continued hiring in engineering to support AI server and rack-level system development, CNA added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:2324

Asia106d ago

Market Chatter: Compal Electronics Plans Mass Production in Texas Plant in H2

Compal Electronics (TPE:2324) said its Texas plant is expected to start mass production in the second half of this year, CNA reported Tuesday.The company is expanding its global manufacturing footprint, including in the U.S., Vietnam, and Taiwan, amid geopolitical risks and evolving customer demand. The company is also investing in talent development as part of its broader transformation strategy to support long-term growth, the report said.Compal's Chairman Chen Rui-cong said 2026 remains uncertain, with demand for traditional devices such as notebooks and smartphones expected to weaken due to higher costs and volatile memory supply, according to IDC forecasts. However, strong demand for AI applications and server infrastructure is expected to remain the main growth driver, the news outlet reported(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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