Inventec to Raise Joint Venture Stake

Inventec has raised its stake in AIO PC manufacturer TPV-Inventa to 90%. TPV-Inventa is a joint venture with TPV, which originally held a 51% stake in the company. Since early September, Inventec has spent $35.4 million to buy up additional shares.

It has been said that TPV-Inventa will conduct layoffs after the reorganisation. However, Inventec said that it would give the employees the option of transferring to other departments, instead.

According to sources, Inventec’s president Huang Kuo-chun will become chairman of TPV-Inventa and SVP Maurice Wu will become a board member.