Market Chatter: Hon Precision Plans NT$850 Million Factory Expansion in Taiwan
Hon Precision (TPE:7769) plans to invest NT$850 million to expand its factory in Taichung, Taiwan, as demand for AI chip testing equipment grows, Taiwan News reported Thursday.The company will add one new floor to its existing plant. The expansion will increase floor space by 2,283 square meters and is expected to create around 365 jobs. It comes as strong orders for semiconductor testing tools, especially for AI chips, continue to strain capacity, the report said.The project was approved under a local industrial expansion program, which also encourages energy efficiency. The company plans to add rooftop solar panels and improve its environmental certifications, 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.)