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VIA Announces VIA Telecom to Sell Part of its Assets
By Vincent Wang
Published: Aug 03,2015
TAIPEI, Taiwan — VIA Technologies, Inc. announced that VIA Telecom has reached a definitive agreement to sell part of its assets to an undisclosed buyer. Assuming satisfactory customary closing conditions, the company anticipates that the transaction will be completed by the end of the third quarter.
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The company evaluates that the transaction will contribute an investment gain of around US$100 million.VIA Technologies.
However, VIA Technologies is a developer of highly-integrated embedded platform and system solutions for M2M, IoT, and Smart City applications, ranging from video walls and digital signage to healthcare and industrial automation.
Meanwhile, Momentum behind Android is growing in the embedded market according to the results of a recent worldwide survey conducted by VIA Embedded. The survey drew close to 250 respondents from a wide range of embedded backgrounds asking them to share their views of Android for embedded applications including the perceived benefits and challenges which come along with adopting the OS.
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