PCL Technologies will team up with Malaysia-based Inari Amertron Bhd to set up a joint venture to manufacture optical transceiver products in Malaysia, according to a PCL filing with the Taiwan Stock Exchange (TWSE).
The joint venture will be capitalized at US$5 million, with PCL contributing US$3.5 million or 70% of the sum, PCL said, noting that the production capacity and the timing for volume production will be decided later.
PCL said that the investment is in line with its long-term strategic development, including efforts to minimize the impact of economic uncertainty triggered by factors such as trade disputes.
PCL expects the joint venture to start generating benefits in the first half of 2020.
PCL posted revenues of NT$185 million (US$5.982 million) for August, down 6.48% on month but up 7.48% on year. Year-to-date revenues totaled NT$1.564 billion, up 22.45% on year.
Article translated by Steve Shen
