Wistron is pouring more money into building AI servers in the US and Vietnam, a good sign for demand but also a sign of how much capital the business now eats.

• Wistron's board approved $205 million of new spending on plants and equipment in Texas and Vietnam.
• The bigger chunk goes to its Westport D2 site in Texas, backed by a $150 million cash injection into its US subsidiary.
• Vietnam gets up to $59 million to upgrade buildings and buy machines as server orders grow.
• A separate unit is renting a warehouse in Dallas through 2033 to handle repairs and after-sales work.
• Wistron is also handing its shareholder paperwork to Yuanta Securities from 2027, after twice delaying this year's cash dividend.

Outlook: Expect Wistron's US and Vietnam capacity to keep growing as long as AI server orders hold up, with the dividend delays still hanging over shareholders.