TAIPEI, April 28 (Reuters) - Taiwanese contract
electronics manufacturer Inventec has agreed to invest
up to $85 million to build manufacturing facilities in Texas to
help mitigate the impact of U.S. tariffs, it said on Monday.
In a statement to the Taiwan stock exchange, the company
said that its U.S. subsidiary would look for "suitable
production" plants in the southwestern U.S. state.
The plan has been agreed upon by the board to "meet customer
shipment location requirements, actively pursue new customers
and markets, and mitigate the impact of fluctuations in U.S.
tariff policies," the company said in its short statement.
It did not elaborate.
The company is a contract maker of notebooks as well as AI
servers that use Nvidia ( NVDA ) chips.
Inventec President Jack Tsai said in January that the
company had started evaluating locations for investment in the
United States and was favouring Texas for its proximity to
Mexico and power infrastructure.
Taiwan had been due to be hit with a 32% tariff under U.S.
President Donald Trump's plans for import taxes on all
countries, until he hit the pause button for 90 days earlier
this month.
Taiwan's government has repeatedly said it will help its
companies invest more in the United States, and buy more goods
from the country, to help reduce the island's yawning trade
surplus.