Taiwan's Quanta Computer Inc (廣達電腦) has been chosen as the original design manufacturer (ODM) for the ambitious US$100 laptop project called "One Laptop per Child (OLPC)," according to a news release posted on the Web site of the Delaware-based, non-profit organization under the Massachusetts Institute of Technology's (MIT) Media Lab.
The decision was made yesterday after the OLPC's board of directors reviewed bids from several possible manufacturing companies, the statement read. The local media had earlier reported that the organization negotiated with Quanta, Compal Computer Inc (
The initiative to develop a US$100 laptop in a bid to revolutionize global education for children was first announced by Nicholas Negroponte, Media Lab chairman and co-founder, at the World Economic Forum in Davos, Switzerland, in January.
"Any previous doubt that a very-low-cost laptop could be made for education in the developing world has just gone away," Negroponte said in the statement.
Quanta has already signed the contract with the US organization, company spokesman Tim Li (
However, since the whole project is still in the initial stage with a few technological issues that have to be resolved, such as model specifications, it is difficult to predict the exact time and quantity for mass production, Li said.
But OLPC said in the statement that Quanta has agreed to devote a significant part of Quanta Research Institute's engineering resources in the first half of next year, with a target of bringing the product to market in the fourth quarter of next year, the statement said.
Li said Quanta can benefit from the project by reinventing cost-saving production through the sharing of research and development resources with other leading global companies such as central processing unit maker Advanced Micro Devices Inc and other panel makers, which will ultimately be advantageous to their clients.
The project would not be a money-losing business that could impact the company's margin and profitability, as Quanta is a profitable organization and knows its responsibility to its shareholders, he added.
According to OLPC, the 5 million to 15 million laptops will be launched in seven culturally diverse countries, namely, China, India, Brazil, Argentina, Egypt, Nigeria and Thailand.
The organization will allocate one million units in each of these countries, with an additional modest allocation of machines to seed developer communities in a number of other selected countries. A commercial version of the machine will be explored in parallel, it said in the statement.
The laptops will be sold to governments and issued to children by schools on the basis of one laptop per child. These machines will be rugged, Linux-based, and so energy-efficient that hand-cranking alone can generate sufficient power for operation, it said.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to
RSS