Wednesday, April 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Twitter's Revenue Drops Despite User Growth
Western Digital Ships Fourth-Generation Ultrastar He12 12TB Hard Drive
Verizon's Latest Unlimited Data Plan Costs $80
LG Display Posts Record Earnings on OLED TV Sales
Google co-founder Sergey Brin Is Building Airship
Uber Faces New Setback In South Korea
Uber Takes to The Skies With Flying Taxis by 2020
ARM Introduces Image Signal Processor Targeted At ADAS
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Optical Storage > LiteOn ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 04, 2007
LiteOn Takes Over Philips Hungary CD and DVD Drive Plant


Lite-on IT, a major manufacturer of optical disc drives, said it will acquire a car CD and DVD drive plant in Hungary from the Dutch electronics giant Phillips.

Royal Philips Electronics will sell the manufacturing operations of the Philips Automotive Playback Modules (APM) business to Lite-On IT. The business would now be transferred to a joint-venture between the two companies that will operate under the name Philips & Lite-On Digital Solutions, or PLDS.

Philips said in a statement that the sale represents another step the company is taking to focus on its Healthcare, Lifestyle and Technology activities supported by the strength of the Philips brand.

In PLDS, Lite-On will replace BenQ Corporation of Taiwan as partner in a joint venture now operating under the name Philips & BenQ Digital Storage (PBDS). Lite-On IT will pay $55-56 million for Philips' car CD/DVD manufacturing operations which are located in the city of Győr, and employ about 1,600 people. In addition, the Taiwanese firm will pay $7.96 million to Taiwan's BenQ for a 49% stake in a joint venture with Philips which was established to develop, market and sell the devices. Both companies expect the transaction to be closed in March.

PLDS will continue to develop, market and sell products to store digital information such as DVD burners and optical drives for the automotive market, with manufacturing outsourced to Lite-On IT and third parties.


Previous
Next
Fujifilm at CES        All News        Roxio Launches MyDVD 9 Studio Premier
Fujifilm at CES     Optical Storage News      Roxio Launches MyDVD 9 Studio Premier

Get RSS feed Easy Print E-Mail this Message

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .