Taiwanese electronics manufacturer Wistron Corp is planning to raise up to $923 million by issuing global depository shares (GDS) that will be listed on the Luxembourg Stock Exchange, according to a term sheet reviewed by Reuters. Wistron, a key supplier to U.S. tech giant Nvidia, is offering as many as 250 million depository shares. The shares will be priced in the range of $36.20 to $36.93 each, reflecting a 4% to 6% discount compared to the company’s closing share price of NT$115 (approximately $3.85) on Thursday.

The company has not yet responded to Reuters’ request for comment regarding the share sale. As per the term sheet, proceeds from the offering will be used to purchase raw materials denominated in foreign currencies, supporting Wistron’s international manufacturing operations. The global depository shares are scheduled to begin trading on June 16.

In a separate announcement last month, Wistron disclosed that its new U.S.-based production facilities, which are being established to serve Nvidia, are expected to be completed next year. These new facilities will focus on manufacturing high-performance computing systems and products related to artificial intelligence (AI). The company also confirmed that it is currently engaged in discussions with other potential clients for similar manufacturing partnerships.

Wistron's move comes as demand for AI infrastructure and advanced computing hardware grows rapidly, driven by rising investments in data centers, machine learning, and related technologies. The capital raise is expected to strengthen Wistron’s global supply chain and manufacturing capabilities to better support its major clients.