News
 

Bookmark and Share

(0) 

Roughly a year after the announcement of Liteon to acquire BenQ’s optical drive business, the joint-venture between Liteon and Philips-BenQ Digital Storage has been approved in the European Union. The newly formed company will be called Philips and Liteon Digital Solutions (PLDS) and will start operations in May.

“PLDS will be effective in Europe from 1st of May 2007. Lite-On

IT BV
, the European head office of Lite-On IT Corporation, will continue to provide the same service to its customers under the new flag of PLDS. The company will handle sales, marketing, service, finance and logistics of Optical Disc Drives (ODD). PLDS will continue to sell ODD under the brand names Lite-On and HP (under exclusive license from Hewlett-Packard),” a statement by Philips and Liteon Digital Solutions reads.

Last year it was reported that after getting BenQ’s optical disk drive (ODD) manufacturing capacities, Liteon will be able to produce 80 million of optical drives a year and command 26% - 27% of the global ODD market already in 2006. Liteon itself was able to produce 4-5 million ODDs a month, whereas BenQ had capacities to manufacture another 2 million, which means that newly-formed company could attain  capacity of 6-7 million ODDs a month.

“Combining strong R&D from Philips with Lite-On’s massive production capacity and extensive distribution network will make PLDS ready for the future,” the statement by PLDS claims.

For Liteon it was crucial to boost its manufacturing capacities and form ties with a strong research and development partner, as the ODD industry players tend to merge between themselves to be more competitive. In the recent years Nec and Sony formed Optiarc company, Hitachi and LG formed HLDS (Hitachi-LG Data Storage), and Toshiba created TSST (Toshiba-Samsung Storage Technology Corp.) joint-venture with Samsung Electronics.

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month