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Taiwan IT conglomerates to venture into auto-parts biz.
(From Taiwan Economic News)
Taipei, Dec. 9, 2004 (CENS)--Two leading information technology (IT) conglomerates in Taiwan have recently announced plans to tap the auto-parts business, including Mitac Group and Hon Hai Group
Mitac will cooperate with Honda (Guangzhou) Motor Co. Ltd. in mainland China, a joint venture between Honda Motor Co. of Japan and Guangzhou Automobile Group Corp. of China; while Hon Hai has decided to enter the new field via acquisitions
Industry sources said that the PC market has witnessed a sales slowdown in recent years, forcing IT hardware makers to diversify their businesses
As its chairman Mathew Miao recognized …
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- Hon Hai to tap auto-parts business via acquisitions.
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News wire article from: Asia Africa Intelligence Wire
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700+ words
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Magazine article from: Taiwan Economic News
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