Asustek-Advantech joint venture formed with US$30.4 million in initial capital

Vikingod · Dec 30, 2005, 03:52 PM

"Advansus Computer, the joint venture between motherboard giant Asustek Computer and industrial PC (IPC) specialist Advantech Computer, was officially established with an initial capital of NT$1 billion (US$30.4 million), Advantech said in its company filing with the Taiwan Stock Exchange (TSE). Asustek and Advantech each hold a 50% stake in Advansus, according to the filing.

Ke-cheng Liu, chairman of Advantech, will lead Advansus as the company chairman, as reported by Emma Wang in today’s Chinese-language Apple Daily. The joint venture is aimed at targeting the DMS (design and manufacturing services) business for industrial servers and notebooks, as well as the component procurement and manufacturing business, according to the paper. Advansus will initially locate its capacities at Asustek’s Chung-li plant, the paper noted, adding that its operation roadmap will be announced to public in the middle of January 2006.

Asustek and Advantech did not comment on the report prior to publication."
__________
Source: DigiTimes

Dec 30, 2005, 03:52 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Asustek-Advantech joint venture formed with US$30.4 million in initial capital "Advansus Computer, the joint venture between motherboard giant Asustek Computer and industrial PC (IPC) specialist Advantech Computer, was officially established with an initial capital of NT$1 billion (US$30.4 million), Advantech said in its company filing with the Taiwan Stock Exchange (TSE). Asustek and Advantech each hold a 50% stake in Advansus, according to the filing. Ke-cheng Liu, chairman of Advantech, will lead Advansus as the company chairman, as reported by Emma Wang in today’s Chinese-language Apple Daily. The joint venture is aimed at targeting the DMS (design and manufacturing services) business for industrial servers and notebooks, as well as the component procurement and manufacturing business, according to the paper. Advansus will initially locate its capacities at Asustek’s Chung-li plant, the paper noted, adding that its operation roadmap will be announced to public in the middle of January 2006. Asustek and Advantech did not comment on the report prior to publication." __________ Source: DigiTimes