Phison Completes First Overseas Convertible Bond, Raising $800M for AI Storage Platform Development
Memory controller chip designer Phison Electronics announced it has completed pricing for its first-ever overseas unsecured convertible bond (ECB), raising US$800 million. The proceeds will be entirely used for foreign currency material procurement to support the continuous expansion of its global storage controller chip and storage solutions business. Phison is transitioning into an AI storage infrastructure and edge AI computing platform provider, and this fundraising will accelerate that strategy.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 10:48
- 🔍 Collected: May 19, 2026 at 11:01 (13 min after Published)
- 🤖 AI Analyzed: May 19, 2026 at 11:07 (5 min after Collected)
(CNA, Hsinchu, May 19, by reporter Chang Chien-chung) Memory controller chip manufacturer Phison has completed the pricing of its first overseas unsecured convertible bond (ECB), raising US$800 million. The funds will be entirely used for foreign currency material purchases to support the needs of its continuously expanding global storage controller chip and storage solution business. Phison stated that this ECB issuance marks the company's first fundraising in the international capital market. It is divided into two tranches, A and B, structured as an NTD-linked, USD-settled bond and a pure USD-denominated bond, respectively, with each tranche sized at US$400 million. The initial conversion price for tranche A is NT$3418.75, representing a 25% conversion premium based on the closing price of NT$2735 on May 18. The initial conversion price for tranche B is NT$3555.5, with a 30% conversion premium. Both tranches will be listed on the Singapore Exchange, with the expected issue date on May 26. Phison noted that the company is gradually transitioning from a traditional storage-type NAND Flash controller chip and NAND Flash storage solution company to a provider of AI storage infrastructure and edge AI computing platforms. Phison stated that in the future, its main growth drivers will be AI data platforms, enterprise-grade storage products, and related software and hardware solutions. As AI applications accelerate their entry into various industries and the demand for high-performance storage and data processing continues to grow, Phison will continue to launch solutions that are closer to customer needs and have higher added value. (Editor: Yang Kai-hsiang) 1150519