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Gigabyte & ASUS Joint Venture Called Off

GIGABYTE and ASUS together announced they have called off the joint venture plan while the subsidiary, Gigabyte United, remains. A resolution of the board of directors was passed on the Mar 22 to call off the plan of forming joint venture. It’s explained the confusion of clients and suppliers, together with the changes of both internal and external factors has lead to this hard decision. In the present environment, the necessity of forming joint venture is no longer as strong as expected, and thus suspension is the best solution for both shareholders. GIGABYTE intends to keep its move on transferring part of its businesses onto the new subsidiary, meaning Gigabyte United remains alive. It’s yet to know whether Gigabyte United would be renamed.

GIGABYTE and ASUS together announced they have called off the joint venture plan while the subsidiary, Gigabyte United, remains. A resolution of the board of directors was passed on the Mar 22 to call off the plan of forming joint venture. It’s explained the confusion of clients and suppliers, together with the changes of both internal and external factors has lead to this hard decision. In the present environment, the necessity of forming joint venture is no longer as strong as expected, and thus suspension is the best solution for both shareholders. GIGABYTE intends to keep its move on transferring part of its businesses onto the new subsidiary, meaning Gigabyte United remains alive. It’s yet to know whether Gigabyte United would be renamed.

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