Quanta Storage adds to investment in China subsidiary
According to DigiTimes, Quanta Storage on October 19 announced additional investment of US$18 million in its China subsidiary, Quanta Storage (Shanghai).
With the investment, the subsidiarys paid-in capital will increase from US$12 million to US$30 million. Currently, the subsidiary is Quanta Storages only production base and only investment project in China. In addition to ODDs, the subsidiary produces optical instruments and related components.