In Taiwan, Artificial-Intelligence Fundraising Survives Market Maelstrom.

APPLE Inc. AAPL; CITIGROUP Inc. 197329691 C

Taiwanese tech firms are raising funds through convertible bond offerings, driven by the popularity of artificial intelligence (AI) investments. Quanta Computer Inc., a MacBook contract manufacturer, plans to raise up to $1 billion through the sale of convertible notes. The funds will be used to purchase raw materials. Taiwanese companies have already sold $1.3 billion worth of dollar-denominated convertible bonds in 2024, surpassing the annual totals of the past two years. The surge in fundraising reflects the need to hedge against a weaker Taiwan dollar and the growing interest in AI. [Extracted from the article]

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