Gigabyte to transfer own-brand desktop motherboard and graphics card business

**MIG-31** · Nov 8, 2006, 07:40 AM

Read More/Source: Digitimes
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Gigabyte Technology on November 7 announced that it will transfer its existing own-brand desktop PC motherboard and graphics cards business, valued at NT$4.08 billion (US$124 million), to Gigabyte United Incorporated, a joint venture it will establish with Asustek Computer in January of 2007.

Gigabyte's shareholders on November 7 approved the deal, which was approved earlier by the company's board of directors. Gigabyte and Asustek signed a strategic-alliance agreement for the joint venture on August 8 of this year, according to Gigabyte chairman Dandy Yeh. Gigabyte United will have an initial capital of NT$8.0 billion, with Gigabyte and Asustek holding a 51% and 49% stake, respectively, Yeh indicated. Yeh will assume the chairmanship of the new joint venture.

Nov 8, 2006, 07:40 AM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,818 Rep Power: 471 System Specs	Gigabyte to transfer own-brand desktop motherboard and graphics card business Read More/Source: Digitimes _______________ Gigabyte Technology on November 7 announced that it will transfer its existing own-brand desktop PC motherboard and graphics cards business, valued at NT$4.08 billion (US$124 million), to Gigabyte United Incorporated, a joint venture it will establish with Asustek Computer in January of 2007. Gigabyte's shareholders on November 7 approved the deal, which was approved earlier by the company's board of directors. Gigabyte and Asustek signed a strategic-alliance agreement for the joint venture on August 8 of this year, according to Gigabyte chairman Dandy Yeh. Gigabyte United will have an initial capital of NT$8.0 billion, with Gigabyte and Asustek holding a 51% and 49% stake, respectively, Yeh indicated. Yeh will assume the chairmanship of the new joint venture. __________________ Please Post Your News Submissions Here