Wiwynn Hits Record High Ahead of Sept. 2 Ex-Rights Trade
Wiwynn Corp., a major supplier of servers to global cloud operators, has emerged as a key beneficiary of spending on artificial-intelligence infrastructure. Its large stock dividend, funded through the capitalization of retained earnings, will substantially increase shares outstanding without directly changing the company’s overall market value. The unusually high distribution ratio also means many shareholders may receive fractional entitlements that cannot be issued as whole shares.
Wiwynn is scheduled to trade ex-rights on Sept. 2 after its shares climbed to a record high ahead of the adjustment. The company will distribute about NT$19.83 in stock dividends per share, with the opening reference price set at NT$2,615. Shareholders may combine fractional entitlements with those of other investors within the company’s announced processing period; any remaining fractions will be converted into cash at par value and purchased by a designated party.
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The history behind this eventWiwynn Taps Record Stock Dividend to Fund AI Expansion
Wiwynn, a major supplier of servers and rack systems to hyperscale data centers, faces soaring working-capital and investment needs as generative AI drives demand for costly GPU- and ASIC-based infrastructure. Paying part of its dividend in shares lets the company retain cash for capacity expansion and components while lowering the trading threshold for its high-priced stock. The trade-off is dilution, dividend-related tax costs for shareholders and closer scrutiny of whether AI orders can generate sustainable cash flow and profits.
Shareholders on May 25 approved a NT$20-per-share stock dividend and a NT$145 cash dividend from 2025 earnings. The share award, worth NT$3.72 billion, grants 2,000 new shares for every 1,000 held, effectively tripling an investor’s share count before price adjustment. Wiwynn spent about NT$13 billion on capital expenditure in 2025 and expects a significant increase in 2026. Its 2025 revenue reached NT$950.66 billion, EPS was NT$275.06, and AI products contributed more than half of sales; the ex-rights date remains pending.
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