Philips Electronics sells their optical pick-up unit to Arima

Philips Electronics sells their optical pick-up unit to Arima

Netherland based Philips Electronics have announced that they are selling their optical pick-up unit to Arima Devices. They would be getting a 14 percent stake in Arima in return. Arima is basically an affiliate of the larger group Arima Computer Corp. Philips declined to reveal more financial details of this deal with the Taiwan based group.

With the upcoming launch of newer generation storage media in the form of HD DVD and Blu-Ray, the optical pick-up market is growing fast and require continues financial investment. Philips has been since sometime selling some of their low-margin consumer electronics unit to stay competitive in the more profitable ventures.

About Philips:
Koninklijke Philips Electronics N.V. (Royal Philips Electronics N.V.), usually known as Philips, (Euronext: PHIA, NYSE: PHG) is one of the largest electronics companies in the world. In 2004, its sales were € 30.3 billion and it employed 159,709 people in more than 60 countries. Philips is organized in a number of divisions: Philips Consumer Electronics, Philips Semiconductors, Philips Lighting, Philips Medical Systems and Philips Domestic Appliances and Personal Care.

About: Arima
Arima Group, not merely a publicly-held OEM / ODM company, has moved beyond to be the leading integrated service provider headquartered in Taoyuan, Taiwan, with the full-ranged professions and core technologies to design, manufacture, and deliver completely seamless integrated customized solution!

As what miscellaneous does, Arima meets diverse customer needs with its miscellaneous product lines that incorporate Notebook, Server, Internet Appliance, Set-top Box, PDA, Display, Optoelectronics, Communication Products and any other anticipated in the future! As what global does, Arima enables customers to net the needed supports of Arima products, technologies, and services with the worldwide manufacturing, service and R&D facilities in Taiwan, China, Europe, Japan, and North America!

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