[H]: Gigabyte And ASUS Sign Strategic Alliance

27th November 2006, 10:47

According to DigiTimes, Gigabyte announced that the company will transfer its existing own-brand motherboard and graphics cards business to Gigabyte United Incorporated, a joint venture established with Asustek.

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.

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27th November 2006, 10:47	#1
Mr Robot Posts: n/a	[H]: Gigabyte And ASUS Sign Strategic Alliance According to DigiTimes, Gigabyte announced that the company will transfer its existing own-brand motherboard and graphics cards business to Gigabyte United Incorporated, a joint venture established with Asustek. 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. More...

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