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Asustek teams up with Portwell on AIoT business
STRATEGIC ALLIANCE: Asustek plans to purchase a 30 percent stake in the industrial PC maker to help its venture into the artificial intelligence of things field
By Angelica Oung / Staff reporter
Asustek Computer Inc (華碩電腦) yesterday announced plans to form a strategic alliance with Portwell Inc (瑞傳科技) to jointly build an embedded foundry to accelerate its development in the artificial intelligence of things (AIoT) industry and advancement of related applications.
Under the partnership, Asustek is to purchase a 30 percent stake in industrial PC maker Portwell for NT$1.5 billion (US$52.85 million), it told a news conference at the Taiwan Stock Exchange.