ASUS and Gigabyte combine forces

[Gorion]

The company will begin operation at the start of 2007. It will be led by a 10 person board, of which Gigabyte will choose seven members and ASUSTeK will choose the other three. There will be a new name for the venture, but both companies are currently keeping it secret.

Gigabyte and ASUSTeK are both considered top-rate motherboard manufacturers.

« The new company will have a capital value of 80Billion NT (about £1.4bn), ASUS will have 49% shareholding in the new company, and Gigabyte will have, wait for it, 51%. »