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Multiple Taiwanese outlets (Taiwan News, Liberty Times, Mirror Media, UAnalyze) confirm Amazon's NT$1.59B stake in GCE via private placement approved Sep 29.

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Home/Tech/Amazon takes NT$1.59B stake in Taiwanese PCB maker GCE
VERIFIEDBy Xavier Rivera· ·1 min read

Amazon takes NT$1.59B stake in Taiwanese PCB maker GCE

Amazon will purchase a NT$1.59 billion stake in Taiwanese PCB maker Gold Circuit Electronics. The investment upgrades the cloud provider from customer to shareholder in a key AI server component supplier.

Source:DigiTimes Asia
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Amazon takes NT$1.59B stake in Taiwanese PCB maker GCE
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Amazon will acquire an equity stake in Gold Circuit Electronics, a Taiwanese printed circuit board maker that supplies AI servers and network switches.

Amazon commits NT$1.59 billion for 1.86 million shares. The board of GCE approved the private placement on September 29 at NT$856 per share. The transaction marks the first time Amazon has held equity in GCE.
The transaction marks the first time Amazon has held equity in GCE.

The investment converts an existing customer-supplier relationship into a partial ownership stake. Industry observers note that direct equity investments by major cloud providers in Taiwanese PCB makers remain uncommon.
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GCE simultaneously advances a NT$7.9 billion expansion. The company plans to spend NT$3.8 billion on land and NT$4.1 billion on construction and equipment starting in the fourth quarter. Funding will come through unsecured convertible bonds.
Industry observers note that direct equity investments by major cloud providers in Taiwanese PCB makers remain uncommon.
GCE supplies high-end server PCBs to AWS and three other international cloud service providers. Capacity at its Taiwan sites is set to rise 50 percent in the second half of the year, while its Thailand operations are projected to grow five to six times year over year.
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The move deepens strategic ties in AI server production. GCE has positioned itself as a key ASIC server PCB supplier to multiple hyperscalers. The placement proceeds are earmarked for long-term working capital.

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