Legit News
Foxlink and ECS to form joint venture for PC Connector Company
Connector maker Cheng Uei Precision Industry (Foxlink) and Elitegroup Computer System (ECS) will form a joint venture, with the former investing NT$360 million (US$10.99 million), or 60%, and the latter NT$240 million, or 40%, according to an ECS filing with the Taiwan Stock Exchange (TSE) yesterday.
ECS said the new company will be formally established on August 1, 2007, while Foxlink, in another filing with the TSE last week, saying it would take 60% of the new company, without naming the partner. According to a Chinese-language Apple Daily newspaper report, the joint venture will manufacture connectors, and its initial production focus will be chiefly PC connectors.
Posted by | Tue, Jul 24, 2007 - 07:55 AM
Search
Hot Topics
- GPU-Z v0.5.9 Released
- February 13, 2012 News from Around the Web
- mobile i7 security
- Sandy Bridge Overclocking Question(s)
- Intel settles New York antitrust case for $6.5 Million
- PowerColor HD7970 w/ Dual Fan Cooler Announced
- AMD Radeon HD 7950 3GB CrossFire Review
- AMD 1090T AND INTEL 2500K
- AMD 1090T AND INTEL 2500K
- AMD 1090T AND INTEL 2500K
Socialize