Lite-On, Phillips merger
Marketing under the name Philips & Lite-On Digital Solutions, they will focus on the manufacturing and marketing of optical storage drives.
The move between Lite-On and Philips is one that industry analysts have been expecting to happen for about a year now. Last April, Lite-On took over BenQ’s optical disc drive manufacturing operations. At the time, Lite-On and BenQ were partners in the optical drives business but the takeover placed Lite-On up to the number two spot in the list of biggest drive manufacturers in the world.