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Inventec Announces Board Approval for Factory Construction on Owned Land

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AI Summary (NQ-processed)

Inventec Corporation announced that its board of directors has approved plans to construct a new factory on company-owned land in the Daxi District of Taoyuan, Taiwan. The total budget will not exceed NT$18.33 billion.

AI Analysis

Frequently Asked Questions

Q: Where will Inventec's new factory be located?
A: The new factory will be built on company-owned land in Daxi District, Taoyuan City, Taiwan.
Q: What is the total budget for the factory construction?
A: The total budget will not exceed NT$18.33 billion (approximately USD$580 million).
Q: What products will be manufactured at the new plant?
A: The plant will primarily produce AI servers and next-generation communication equipment.
Q: When is the factory expected to be completed?
A: Completion is targeted by the end of 2027, with full operations starting in 2028.
Q: How will this project impact local employment?
A: Over 300 new direct jobs are expected, along with technical training programs for locals.