Press release; Adam Connors, DigiTimes.com [Monday 15 April 2002]
Taiwan-based Benq (formerly Acer Communications & Multimedia, ACM) has announced an alliance with European electronics leader Royal Philips Electronics to develop next-generation optical storage drives, initially focusing on DVD+RW drives, a joint statement from the companies said.
The alliance will see the creation of a dedicated design house, providing blueprints for optical storage products to be manufactured in Benq and Philips facilities. Philips forecasts that the optical storage sector will be a US$15 billion industry by 2005.
The first DVD+R/+RW products from the partnership are expected in 2003, following a Philips launch of these products in 2002.