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Advantech and Inventec Form Joint-Venture

Inventec and Advantech jointly announced that they will enter a strategic alliance agreement to form a new company, AIMobile Co. Ltd. Capital contributions to the joint venture will be in the form of cash with an anticipated total amount of NT$1,000 million. Inventec and Advantech will hold 55 percent and 45 percent of the equity, respectively. The timing and amount of actual cash will be based on the schedule of operations. AIMobile will focus on the development and manufacturing of industrial handheld mobile devices targeting retail, in-vehicle, field service, and medical applications.

The strategic alliance between Inventec and Advantech is a win-win situation, said Richard Lee, Chairman of Inventec Group. AIMobile will not only bolster Advantechs branded solutions, but it is also a major step for Inventec toward the Internet of Things. Based on the strong commitment by, and close collaboration between both sides, AIMobile will be recognized by global customers as the number one design and manufacturing partner for Industrial Mobile Systems.

Ke-Cheng Liu, Chairman of Advantech commented, In various Industrial and Smart City applications, Advantech sees strong demand for handheld mobile devices from its customers and believes there is a strong potential for growth. Through Advantechs brand and market reach, and by leveraging the abundance of software and hardware engineering resources of Inventec, AIMobile will provide customers with the best-in-class industrial tablets and other handheld devices, in particular solutions based on the Android operating system with software and peripheral support.

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