(The Taipei Times)
Asustek plans to purchase a 30 percent stake in the industrial PC maker to help its venture into the artificial intelligence of things field
Asustek Computer Inc (華碩電腦) yesterday announced plans to form a strategic alliance with Portwell Inc (瑞傳科技) to jointly build an embedded foundry to accelerate its development in the artificial intelligence of things (AIoT) industry and advancement of related applications.
Under the partnership, Asustek is to purchase a 30 percent stake in industrial PC maker Portwell for NT$1.5 billion (US$52.85 million), it told a news conference at the Taiwan Stock Exchange.
Asustek said the deal would close by the end of this quarter, and it might purchase another 15 percent of Portwell shares after a year.