Gigabyte Agrees to $1.53 Billion Credit Facility to Fund AI Server Expansion
Key Facts
Gigabyte’s board approved a syndicated credit facility of NT$50 billion, equivalent to about US$1.53 billion, providing the company with financing for five years. Taiwan’s Central News Agency reported that Bank of Taiwan, Mega International Commercial Bank, Hua Nan Commercial Bank and Cathay United Bank arranged the facility. The company said its stated purpose is to repay obligations due to financial institutions and replenish medium-term working capital. Separately, DigiTimes reported that the financing supports purchases of AI server components for next year, linking the facility to the company’s upcoming production plan. This does not mean the company said the loan would be used exclusively to stockpile components early or that it has already completed securing inventory.
The facility gives the company room to finance operating needs and upcoming purchases as it prepares to expand its products in the AI server market. Chairman Yeh Pei-cheng described Taiwan’s AI supply chain as “very complete” and said demand was “very strong and continuing to extend.” In earlier remarks in August, he said he saw no problem looking toward next year and expressed optimism about operations in the second half of the year and the following year. These remarks place management’s expectations in the context of demand served by the server business, but do not include a sales target or an estimate of market size. The announced financing remains a tool to cover loans and working capital, with component purchases directed toward next year’s needs, according to DigiTimes.
Gigabyte’s revenue reached a record NT$154.711 billion in the third quarter of 2026. Revenue rose 7.28% from the previous quarter and increased 94.41% year over year, according to DigiTimes. The annual comparison highlights a sharp acceleration in revenue during the period, while the quarterly gain added growth from the second-quarter base. The financial performance comes as the company expands its portfolio of products tied to AI infrastructure. Gigabyte showcased Nvidia’s Vera Rubin NVL 72 platform at Computex in Taipei on June 1, 2026, among its latest products in the field. Together with revenue growth, the credit facility provides financial and operational context for the transition between generations of server systems.
Gigabyte has begun shipping limited quantities of Vera Rubin products, Nvidia’s next-generation platforms, and expects shipments to rise to substantial levels in the first half of 2027, according to DigiTimes. Meanwhile, the company continues to ship GB300 NVL 72 systems based on the Blackwell architecture. The timing of the Vera Rubin shipment expansion depends on customers completing validation on schedule, according to DigiTimes. The company said delays in validation could leave it with inventory and financing obligations before revenue from these products arrives. The path for upcoming shipments is therefore tied to customers completing those stages, as well as the company’s ability to continue delivering current systems.
Gigabyte expects fourth-quarter revenue to exceed the third quarter’s level as NVL 72 rack shipments recover, according to DigiTimes. The forecast follows record revenue in the third quarter, but remains tied to a recovery in shipments of these systems during the period. In trading, the company’s shares closed at NT$343 on October 29, 2026, down 5.38% during the session, according to Investing.com data. The stock’s performance that day offers an indication of market movement alongside the news, but does not by itself determine how investors assess the facility or the company’s outlook. Near-term milestones include the expected increase in Vera Rubin shipments in the first half of 2027, continued Blackwell shipments, and the company’s expectation of improved fourth-quarter revenue as NVL 72 recovers.