ASE Technology Unit USI Invests $120M to Expand AI Production in Vietnam

Key Facts

1Universal Scientific Industrial (USI) approved an additional $120 million investment to expand production capacity in Haiphong, Vietnam.

2The expansion aims to support the production of AI and data center technologies.

Universal Scientific Industrial (USI) approved an additional $120 million investment to expand its production capacity in Haiphong, Vietnam. Benzinga reported that the new expansion aims to support the manufacturing of AI and data center technologies as part of the broader growth strategy of its parent company, ASE Technology Holding.

ASX closed at $40.77 on October 20, 2026, with the stock reaching a day high of $41.48 and a low of $39.74 during the session. The investment by USI reflects a strategic move to capitalize on rising demand for AI infrastructure while diversifying manufacturing footprints outside of China.