BenQ to team up with Siemens

6 Jun 2005

Taiwanese vendor BenQ is reportedly putting together a joint venture with Siemens in a bid to turn around the ailing fortunes of the German handset manufacturer. Siemens’ mobile phone business posted losses in excess of EUR500 million last year and the company has spent months searching for either a venture partner or buyer to help it regain lost ground in the handset market. The deal is expected to be confirmed later this week.

Germany, Taiwan