 "Asustek, Gigabyte Announce Alliance")
ASUSTek Computer Inc. and Gigabyte Technology have announced their strategic alliance with the establishment of a joint-venture that will produce Gigabyte branded motherboards and graphics cards. The new company will have an initial capital of NT$8 billion, with 51% of the company being controlled by Gigabyte and 49% by ASUS. The new subsidiary is expected to be fully operational in January of 2007. Under the agreement, the chairman of the joint venture will be appointed by Gigabyte, as well as three directors and one supervisor on the board of directors of the new company. The remaining two seats on the company’s board will be assigned by Asustek. This expected to increase their competitiveness in many different fronts, especially in leveraging both companies’ economies of scale, research and development, and diverse product lines to achieve greater synergy.
ASUSTek Computer Inc. and Gigabyte Technology have announced their strategic alliance with the establishment of a joint-venture that will produce Giga…
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Written by Sharon Khare
Born with the sole aim of correcting people, Sharon took to copy-editing at an early age. In the olden days her methods of correction were rather unorthodox. Don't believe us? Ask the intern who lost two of his er.... Oh ok, I guess we don't talk about that. Now after she got a kid, things have relatively mellowed down. Besides handling the plethora of content that comes out of Tech2, Sharon also handles our sister site, CompareIndia where you can well compare prices of pretty much every electronic item under the sun and CHIP magazine as well, if things weren't heavy enough. She handles a team, all of who seem real happy as long as they're not chained to their desks. see more
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