Gainward brandname sold to Palit

Posted on Wednesday, February 02 2005 @ 13:26 CET by Thomas De Maesschalck

The Taiwanese firm TNC Industrial decided to sell the Gainward brand and Gainward Europe branch to Palit Microsystems for $1 million and the net worth of the branch office at the and of 2004.

TNC is a leading Taiwan maker of nitrocellulose fibers and holds a 69% stake in Gainward. Continued losses at Gainward over the past two years forced TNC to decide to sell off its graphics-card business, while re-focusing its efforts on its core electronics-related chemical business, said the sources.

More info at DigiTimes

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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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