Apple Supplier’s Convertible Bond Expands Taiwanese Funding Wave

A new convertible bond offering by a major supplier to Apple Inc. will add to the dollar funds raised by Taiwan’s tech firms this year, thanks to the hybrid securities’ popularity and demand for artificial intelligence investments.

Quanta Computer Inc., a MacBook contract manufacturer, is seeking to raise up to $1 billion by selling convertible notes, it announced in a filing dated Friday. The company said it will use the proceeds to buy raw materials.

“We see the AI theme to be a fundamental change to the business mix and capital expenditure needs for the Taiwanese companies, which will ...