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Gigabyte backfires with Foxconn deal

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On March 30, 2004, 3:19 PM

Gigabyte Technology has reached a strategic agreement with Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) and will contract part of its motherboard orders to Foxconn, the Chinese-language newspapers Commercial Times and Economic Daily News (EDN) reported today.

The Gigabyte-Foxconn partnership is aimed at the industry leader Asustek Computer, which has set a plan, dubbed “Giant Lion,” to boost its motherboard shipments to 45 million units in 2004 from 30 million in 2003, according to the EDN report. DigiTimes reported earlier that Asustek aims to ship 40 million motherboards this year.

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