Nvidia supplier King Yuan Electronics to invest up to $1.4 billion in US facility

By Wen-Yee ‌Lee

TAIPEI, ​July ​10 (Reuters) - Taiwanese chip-testing company King Yuan Electronics (KYEC) ‌plans to invest up to $1.4 ⁠billion to establish a facility ‌in the United ‌States, the supplier to chipmaker Nvidia said on Friday.

King ​Yuan Electronics said the investment is intended to ⁠support operational growth and strengthen its ​position in the global supply chain.

Taiwanese semiconductor and electronics ​companies have been ‌expanding manufacturing in the United States since ⁠TSMC's multibillion-dollar investment in Arizona. Among them, Foxconn and ⁠Wistron are building AI server manufacturing ​capacity in Texas for Nvidia.

King Yuan Electronics did not say which ‌customers the planned U.S. facility would serve ‌and did not disclose ⁠its location ‌or provide ​a construction timetable.

(Reporting by Wen-Yee LeeEditing by David ‌Goodman)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Alphabet Sees FY26 Capex $195B To $205B, Saw $180B To $190B
• IBM shares rise 3% post-Q2 earnings miss as investors eye prior profit warning
• Nvidia launches open-source medical robotics simulation framework