Accton Technology Corporation, s provider of networking and communications solutions for top-tier networking, computer, and telecommunications vendors, will invest $80 million more in its wholly owned subsidiary, Vietnam Accton Technology Company Limited.

In a filing with the Taiwan Stock Exchange (TWSE) last week, Accton said it would fund the investment with self-owned capital. The investment will serve long-term investment purposes, Accton added.

Accton clarified Vietnam Accton Technology Company Limited is a wholly-owned subsidiary. Following the transaction, the cumulative investment amount will total NTD3.217 billion ($100 million).

In a separate disclosure with the TWSE last week, Accton said Vietnam Accton Technology would conduct an additional investment of $47.4 million as part of its business plan. The company said further announcements will be made once details are confirmed in accordance with relevant regulations.

Accton did not provide other details on the connection between the two investments.

Accton started investing in Vietnam in 2023, with two factories covering 4.6 hectares in the northern province of Phu Tho. The company’s main products include wifi router, ethernet switche, smart networking interface card, WiFi accessor, networking controller, fan modules for communication devices, and others.

Taiwan’s electronic giant Lite-On to invest $149M more in Vietnam to expand capacity