Electronics Production | September 29, 2010
Bestec loses out on investment from Foxconn JV
Ampower Holding has revoked its MoU with Taiwan-based Bestec Power Electronics.
Ampower Holding, a joint-venture of Chi Mei Optoelectronics and EMS-provider Foxconn, is not pursuing an investment in Taiwan-based Bestec Power Electronics. The Memorandum of Understanding (MoU) was revoked. Ampower believes that a convertible bond issue will affect the final stake in Bestec after the investment is made. Bestec will consider further legal action, writes DigiTimes.
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