Supermicro secures 1st syndicated loan in Taiwan

Taipei, Feb. 9 (CNA) U.S.-based AI server supplier Super Micro Computer, Inc. (Supermicro) has secured its first syndicated loan worth US$1.765 billion in Taiwan, CTBC Bank, which served as the lead arranger of the loan syndication, said Monday.

A total of 21 financial institutions participated in the loan syndication with an almost 1.8 times oversubscription, indicating the lenders highly value Supermicro's operations, profitability and business outlook, CTBC Bank added.

In addition to CTBC Bank, the participating financial institutions in the loan syndication include E. Sun Commercial Bank, Taishin International Commercial Bank, Changhwa Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Taiwan Cooperative Bank, First Commercial Bank and Mega International Commercial Bank.

Crédit Agricole's Taipei branch, Banco Bilbao Vizcaya Argentaria's Taipei branch, BNP Paribas's Taipei branch, HSBC Taiwan and Bank of East Asia's Taipei branch also took part in the syndication, CTBC Bank said.

According to the bank, Supermicro is a leading global supplier of high performance computing, AI and edge computing solutions and its products are widely used in data centers and AI training and inference.

With global demand for AI applications and data centers on the rise, Supermicro has further cemented its lead in the market, CTBC bank said.

As a result, the company's selection of Taiwan as a fund-raising location demonstrates its faith in the local financial market and the loan syndication represents a milestone in cooperation between the industrial and financial sectors, CTBC Bank added.

The administrative agent praised Supermicro Chairman Charles Liang (梁見後), who was born in Chiayi, Taiwan in 1958, for leading to it current position as a global tech heavyweight, and described him as the "pride of Taiwan."