NewzWistron, a Taiwanese supplier for Nvidia, has successfully raised approximately 1.5 billion dollars (1.3 billion euros) through a capital market operation. The company achieved this by issuing 25 million global depositary receipts at a price of 58.88 dollars each, which corresponds to 250 million ordinary shares.
The issuance of these new shares represents a significant financial move for the manufacturer, which serves as a key partner in the semiconductor and technology supply chain. The capital injection is intended to strengthen the company's financial position as it continues to support the production demands of major tech firms like Nvidia.
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