ESS starts Internet unit, seeks partners in Asia
semibiznews.com
A service of Semiconductor Business News, CMP Media Inc.
Story posted 8:30 a.m. EST/5:30 a.m., 12/15/98
FREMONT, Calif.--ESS Technology Inc. here today launched a new business
unit to develop products for Internet applications with the help of joint-venture
partners in Asia.
"During the last few years, ESS has developed and accumulated core
technologies in digital audio, digital video, and communications," said Fred S.L.
Chan, CEO and founder of ESS Technologies who will head up the new
business unit. Chan said his company has established leadership in PC audio
and digital video, and it recently launched a new V.90 modem communications
product. "These technologies, along with our relationships and sales channels
in the PC market and the Asian consumer market, are the core assets of the
company," Chan said.
ESS Technology's existing PC Products and Consumer Products groups will
continue pursuing their markets while the new Internet unit looks for
joint-venture partners in Asia to offer "components, systems and applications
to service the many aspects of the Internet," Chan said. "These new products
and business opportunities will include complete systems, Internet Service
Providers (ISP), Internet Content Providers (ICP), and E-commerce," he
explained. "We will choose joint venture partners with complementary
strengths to enable us to expand our business in these exciting areas."
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