Inventec Budgets NT$410 M. to Acquire 10% of Arima Communications
Jul 30, 2010
The board of directors of Inventec Corporation has approved to spend NT$410 million to acquire 10% of Arima Communications Co.'s common shares via private-equity placement, which will give Inventec a seat on Arima's board of directors.
The cooperation between Inventec and Arima is complementary as the former focuses on the production of IT
products and the latter on cellphone contract manufacturing.
Both sides said further cooperation is expected as the most advanced tablet PCs are equipped with third-generation data modules, smart phones, handheld mobile networking devices.
H.C. Hsu, spokesman of Inventec, said his company's mobile communications unit has 300 staffers and concentrates on 3G smart phones and mobile networking devices, while Arima focuses on 2G technologies, adding that further cooperation helps mutual development of techniques and clientele.
Inventec's big clients include first-tier cellphone brands as Sony Ericsson, LG and Motorola, having shipped 5.81 million cellphones in the first half to be Taiwan's largest contract manufacturer of cellphones.
Arima shipped 98,000 cellphones in June and will likely ship over one million in July, and between 5.3 million and 5.5 million cellphones in the third quarter, up over 60% from the preceding quarter's 3.15 million units.
source & copyright: CENS
|
