Thursday, February 11, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Oculus Starts Offering Discounted Computers To Early Virtual Reality Adopters
Archos 50d Oxygen Launching At MWC
Chip Makers Differientate In terms Of Equipment Investments
New Plextor M6S Plus SSDs Released
AMD's FreeSync Technology Coming In Latest HP Laptops
Twitter Introduces A New Home Timeline Feature
ARM Says New Mobile Chips Gain Share, Eyes Car Computing For Future Growth
AMD and Saguna Collaborate to Design Low-Power Mobile Edge Computing (MEC) Solutions for Mobile Networks
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
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 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 1998-2016 - All rights reserved -
Privacy policy - Contact Us .