Lite-On and Philips form optical drive joint venture

Posted on Saturday, April 07 2007 @ 22:30 CEST by Thomas De Maesschalck
DailyTech reports Philips and LiteOn will form a joint venture to develop optical drives:
This week Lite-On IT Corporation and Royal Philips Electronics announced that the joint venture between the two companies will officially take shape on May 1 of this year. The joint venture between the two companies will focus on the manufacturing and marketing of optical storage drives.

The move between Lite-On and Philips is one that industry analysts have been expecting to happen for about a year now. Last April, Lite-On took over BenQ's optical disc drive manufacturing operations. At the time, Lite-On and BenQ were partners in the optical drives business but the takeover placed Lite-On up to the number two spot in the list of biggest drive manufacturers in the world. According to the release:


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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