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Asus to Open USD 50 Mln PC Sales Subsidiary in China

iFeng, 3/21/11

Taiwanese electronics manufacturer Asus (LSE: ASKD; 2357.TW) has announced plans to establish a USD 50 mln PC sales subsidiary in mainland China in response to fast-growing consumer demand.

A source within Asus said that a location will be selected before the end of this month, with Chongqing the most likely choice, but Chengdu also a possibility. The source added that Asus had discussed the idea of investing with Chengdu's local government as early as 2008, but later began talks with the Chongqing municipal government.

Keywords: hardware ASUS PC 2357.TW ASKD contract manufacturer computer

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