(Japanese Site)
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| Walsin Lihwa, E-TEK to Set Up Optical Fiber Firm
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April 22, 1998 (TAIPEI) -- Taiwan's Walsin Lihwa Electric Wire
and Cable Corp. and U.S.-based E-TEK Dynamics Inc. will cooperate
to set up an optical fiber company.
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The proposed company, which will target the manufacturing of
fiber optic communications components such as couplers, is
expected to achieve annual operating revenues of US$100 million
in five years of operations.
The company's capitalization is set at NT$680 million for the
first stage, with Walsin Lihwa and E-TEK each owing 45 percent
stakes.
E-TEK will transfer technology related to the research,
development and manufacturing of the coupler, isolator, WDM and
laser diode chip module packaging to the joint venture company.
The joint venture company will produce components and become the
sole agent in the Asia-Pacific region for E-TEK.
The new company is scheduled to begin operating in July, and all
technology transfers are expected to be finished within a one-
year period.
The company hopes to see annual operating revenues at US$10
million 18 months after operations.
It also plans to apply to list its stocks on the Taiwan Stock
Exchange or Taiwan's over-the-counter exchange in the future.
This joint venture marks another big investment in advanced
electronics component manufacturing by Walsin Lihwa.
The cable company previously invested in the production of
integrated circuits, liquid-crystal displays and printed
circuits.
It also has begun developing and making optical fiber
communications products such as optical fiber.
(Commercial Times, Taiwan)
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