Advantech Co Inc (研華), the world’s biggest industrial computer supplier, yesterday said it has set up a joint venture in Mexico with its major channel partner Interlatin S de RL de CV, expanding its global footprint to Latin America.
Advantech holds a 60 percent stake in the newly established subsidiary, while Interlatin owns the remaining 40 percent.
The joint venture, which started operating yesterday, plans to set up offices in Guadalajara and Mexico City, Advantech said.
“Mexico has signed free-trade agreements with several countries and benefits from the US-Mexico preferential tariff agreement, which has encouraged many companies to set up manufacturing centers there,” Vincent Chang (張敏忠), senior director and sales general manager of Advantech’s industrial Internet of Thing group, said in a statement.
“The trend of setting up manufacturing centers has led to business opportunities for smart manufacturing, industry 4.0 and digital transformation. What’s more, due to the advantages of a common language, Mexico has become Advantech’s best springboard for entering Latin American markets,” Chang said.
Interlatin has been Advantech’s channel partner since 2010 and has a strong foothold in industrial automation in Mexico.
Advantech aims to expand its businesses in Mexico, leveraging Interlatin’s local connections and resources, as well as its knowledge of electronic manufacturing, automotive and transportation systems, Chang said.
In addition, Advantech can benefit from Interlatin’s extensive experience in serving big local customers and large projects, he said.
The new subsidiary is to focus on solutions for industries such as automotive, semiconductor manufacturing, environment and energy, transportation and education, Advantech said, adding that it would expand its departments to cover sales, marketing, technical support, logistics, finance, human resources and customer services.
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
EUROPE ON HOLD: Among a flurry of announcements, Intel said it would postpone new factories in Germany and Poland, but remains committed to its US expansion Intel Corp chief executive officer Pat Gelsinger has landed Amazon.com Inc’s Amazon Web Services (AWS) as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker. Intel and AWS are to coinvest in a custom semiconductor for artificial intelligence computing — what is known as a fabric chip — in a “multiyear, multibillion-dollar framework,” Intel said in a statement on Monday. The work would rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares rose more than 8 percent in late trading after the
GLOBAL ECONOMY: Policymakers have a choice of a small 25 basis-point cut or a bold cut of 50 basis points, which would help the labor market, but might reignite inflation The US Federal Reserve is gearing up to announce its first interest rate cut in more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election. Senior officials at the US central bank including Fed Chairman Jerome Powell have in recent weeks indicated that a rate cut is coming this month, as inflation eases toward the bank’s long-term target of two percent, and the labor market continues to cool. The Fed, which has a dual mandate from the US Congress to act independently to ensure
RSS