Germany Hungary: Philips sells automotive playback module business to Lite-On

摘要

ROYAL Philips Electronics has signed an agreement to sell the manufacturing operations of the Philips Automotive Playback Modules (APM) business to Lite-On IT Corporation of Taiwan. The amount of the transaction has not been disclosed. APM manufactures CD and DVD playback modules to suppliers of automotive entertainment systems. Under the agreement, the remaining APM operations will be transferred to a joint-venture between the two companies, which will operate under the name Philips & Lite-On Digital Solutions (PLDS).