Breaking News

GIGABYTE AORUS Gen4 7000s SSD- The Fastest PCIe 4.0 NVMe SSD TerraMaster Releases All-New TOS 4.2 Samsung Announces S21 series with new Galaxy Buds Pro Sony Launches Newest Addition to G Master Full-Frame Lens Series with the Indispensable FE 35mm F1.4 GM AMD Announces World’s Best Mobile Processors In CES 2021

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

LITE-ON Transfers  its Camera Module Business to LuxVisions

LITE-ON Transfers its Camera Module Business to LuxVisions

Enterprise & IT Feb 28,2018 0

LITE-ON Technology will transfer of the company's Camera Module Business to LuxVisions Innovation Limited.

The transaction involves the transfer of Camera Module Business's operations and assets, including the inventories, equipment, personnel, technologies, intellectual properties, client and supplier relationships, and accrued warranty. The transaction value is tentatively set as US$360 million, to be fully paid in cash, plus a right to obtain LuxVision's 10% shares, according to LITE-ON.

LITE-ON's Camera Module Business has over 15 years' operation. Its products are mainly applied to the mobile phones, tablet and notebook PCs with a worldwide customer base throughout Europe, America and Asia.

LITE-ON believes, through this transaction, the Camera Module Business will have more resources for further development.

Moving forwards, LITE-ON will continue to focus on developing the new businesses, transforming towards cloud computing, LED components and outdoor/automotive lighting, automotive electronics, biomedical technology, and industrial automation, etc.

The transfer will proceed to obtain the relevant approvals as required, with an estimated completion by 2Q 2018.

>

Tags: LiteOn
Previous Post
Toshiba Completes Transfer of its TV Business to Chinese Hisense Group
Next Post
Google's Clips Camera Brings AI Closer to Consumers

Related Posts

  • LITE-ON Technology Delays Transfer of Its Solid State Drives Business to Kioxia

  • SSSTC is Sampling the CA6 PCIe Gen 4 SSDs

  • LITE-ON Technology Approves the Transfer of its Solid State Drives Business to Toshiba Memory

  • Toshiba to Buy Lite-On Technology’s Storage Business Unit

  • LITE-ON to Release Project Denali Compliant SSDs

  • LITE-ON Unveils New SSD for Enterprise Workloads

  • Lite-On to Unveil New NVRAM Hybrid Solid-State Drive at OCP 2018

  • Tsinghua to Invest in China-based Lite-On Storage Plant

Latest News

GIGABYTE AORUS Gen4 7000s SSD- The Fastest PCIe 4.0 NVMe SSD
PC components

GIGABYTE AORUS Gen4 7000s SSD- The Fastest PCIe 4.0 NVMe SSD

TerraMaster Releases All-New TOS 4.2
Enterprise & IT

TerraMaster Releases All-New TOS 4.2

Samsung Announces S21 series with new Galaxy Buds Pro
Smartphones

Samsung Announces S21 series with new Galaxy Buds Pro

Sony Launches Newest Addition to G Master Full-Frame Lens Series with the Indispensable FE 35mm F1.4 GM
Cameras

Sony Launches Newest Addition to G Master Full-Frame Lens Series with the Indispensable FE 35mm F1.4 GM

AMD Announces World’s Best Mobile Processors In CES 2021
PC components

AMD Announces World’s Best Mobile Processors In CES 2021

Popular Reviews

CeBIT 2005

CeBIT 2005

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Hitachi DZ-MV100A DVD Camcorder

Hitachi DZ-MV100A DVD Camcorder

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed