Pegatron announces equipment spending

BETTING ON APPLE:The company is to invest NT$1.08bn to buy manufacturing equipment for Pegaglobe and is also spending NT$1.33bn on Protek Shanghai

Taipei Times
Date: Apr 20, 2017
By: Lauly Li . / Staff reporter

Pegatron Corp (和碩) yesterday announced it is to spend NT$2.41 billion (US$79.23 million) purchasing equipment for its manufacturing facilities in China as it is expected to start producing Apple Inc’s latest iPhones.

“The investment is part of the company’s plan for this year’s production,” a Pegatron investor relations official said by telephone.

Pegatron is to invest NT$1.08 billion to buy manufacturing equipment for its subsidiary Pegaglobe (Kunshan) Co Ltd (世碩電子) and to spend NT$1.33 billion on subsidiary Protek Shanghai Ltd (昌碩科技), it said in a filing with the Taiwan Stock Exchange.

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