Phison Completes First Overseas Convertible Bond, Raising $800M for AI Storage Platform Development

AI Summary (NQ-processed)

Memory controller chip designer Phison Electronics announced it has completed pricing for its first-ever overseas unsecured convertible bond (ECB), raising US$800 million. The proceeds will be entirely used for foreign currency material procurement to support the continuous expansion of its global storage controller chip and storage solutions business. Phison is transitioning into an AI storage infrastructure and edge AI computing platform provider, and this fundraising will accelerate that strategy.