Royal Philips Electronics has announced plans to sell the manufacturing operations of the Philips Automotive Playback Modules (APM) business to Lite-On IT Corporation of Taiwan. The financial details of the sale were not disclosed.
The remaining APM operations will be transferred to a joint-venture between the two companies, which will operate under the name Philips & Lite-On Digital Solutions, or PLDS.
APM manufactures CD and DVD playback modules to suppliers of automotive entertainment systems. The manufacturing operations that will be sold to Lite-On IT are mainly located in Györ, Hungary. The activities that will be transferred to PLDS include research and development, marketing and sales and product management activities, which are primarily located in Wetzlar, Germany.
In PLDS, Lite-On replaces BenQ Corporation of Taiwan as partner in the joint venture now operating under the name Philips & BenQ Digital Storage, or PBDS.
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