| Toshiba and Samsung Electronics Announce Details of
Integration of Optical Disk Businesses|
13 January, 2004
Tokyo -- Toshiba Corporation and Samsung Electronics Co., Ltd. today revealed the details of their new joint venture for optical-disk drives (ODD), as initially announced in a memorandum of terms announced on September 22, 2003.
The new joint venture, Toshiba Samsung Storage Technology Corporation, will start operation on April 1, 2004. The company will integrate product and business planning, product development, procurement and sales and marketing of ODDs, including CD-ROM and DVD-ROM drives. Toshiba Samsung Storage Technology Corporation will be headquartered in Japan with a wholly owned subsidiary in Korea.
The new joint venture will construct a competitive business structure that promotes optimized use of management resources and leadership in the global market
Samsung Electronics Co., Ltd.:
|Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement,but is subject to change without prior notice.|