Inventec, Advantech Set Up Joint Venture to Foray Into Handheld Devices
[Excerpt from United Daily News on 3/22/2016, by Shuohan Jiang]

Inventec Corporation (2356) held the Board of Directors meeting today and resolved to set up a joint venture with Advantech Corporation. Inventec and Advantech jointly announced that they will sign bilateral strategic alliance agreement to establish “Inventec-Advantech Industrial Mobile Corporation” with an initial paid-in cash capital of NT$1 billion. Inventec will hold a 55% stake, and Advantech 45%.

According to Inventec, the actual investing time and money from both sides will be based on the operation schedule of the project. The joint venture shall focus on the R&D, production and sales of the industrial wireless handheld devices with applications covering retail, automotive, medical and other vertical market.

Chairman Richard Lee expressed that the joint venture is a win-win strategic alliance. Inventec-Advantech Industrial Mobile will not only be the backing of Advantech’s brand name, it will also be a giant step for Inventec to transfer to an IoT company. Under the bilateral high level commitment and close cooperation, Inventec-Advantech Industrial Mobile shall stride into the world and become the first choice in the solution of designing and manufacturing of the industrial handheld devices.

Advantech chairman KC Liu said that for applications in the industrial field and smart cities, Advantech saw the client’s increasing needs for networking in the mobile devices. He believes that the market has enormous growth potential. With Advantech’s understanding in the needs of the market and the clients, and the injection of Inventec’s R&D resources of hardware and software, Inventec-Advantech Industrial Mobile will provide the customers with the highest quality of industrial tablet PCs as well as the designing, manufacturing and services of other handheld devices. Particularly in the area of Android OS system’s industrial applications and the support for its periphery hardware software, Inventec-Advantech Industrial Mobile will develop the most complete solution.

Inventec and Advantech both are confident that Inventec-Advantech Industrial Mobile will attract global business opportunities and be the leading manufacturer of the industrial handheld devices.