TOKYO (Reuters) - Japanese electronics makers Sony and NEC said on Thursday they have reached a basic agreement to set up a optical disk drive joint venture.
Sony and NEC plan to transfer their optical disk drive businesses to a new entity, which aims to start operations on April 1, 2006.
The new venture will develop and manufacture DVD drives and CD drives used in PCs and other products.
Sony will hold 55 percent stake in the venture, and NEC the rest.
Sales of the two firms' optical disk drive businesses totalled about 220 billion yen (US$1.85 billion) in the business year ended in March.
Sony, NEC to form optical disk drive joint venture
By
Staff Writers
on Nov 18, 2005 7:41AM
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
Channel can help lead customers to boosting workplace wellbeing with professional headsets
Tech For Good program gives purpose and strong business outcomes
How NinjaOne Is Supporting The Channel As It Builds An Innovative Global Partner Program
Secure, integrated platforms enable MSPs to focus bringing powerful solutions to customers
Kaseya Dattocon APAC 2024 is Back
Sponsored Whitepapers
Easing the burden of Microsoft CSP management
-1.jpg&w=100&c=1&s=0)
Stop Fraud Before It Starts: A Must-Read Guide for Safer Customer Communications
The Cybersecurity Playbook for Partners in Asia Pacific and Japan
Pulseway Essential Eight Framework
7 Best Practices For Implementing Human Risk Management
.png&w=100&c=1&s=0)
