Gigabyte motherboard to be co-produced with Asus

In early August, Asustek and Gigabyte announced that they were forming a joint venture to produce graphics cards and motherboards under the Gigabyte brand. Three months later, Gigabyte has announced that it will in fact transfer its own motherboard and graphics card businesses to the joint venture, which will be dubbed Gigabyte United. Gigabyte's shareholders have approved the transition of the businesses, which are together worth the equivalent of $124 million. Gigabyte United is scheduled to begin operations on January 1, 2007, with Asustek holding a 49% stake and Gigabyte holding 51%.