MiTAC Holdings Corporation, formerly MiTAC International Corp. (Chinese: 神達電腦股份有限公司) is a Taiwanese electronics company established 8 December 1982. It is a subsidiary of MiTAC-Synnex Group. Through a 100% stock swap from MiTAC International Corp., MiTAC Holdings Corp (神達投資控股) (TWSE: 3706) was established on 12 September 2013, and listed and traded on Taiwan Stock Exchange under code 3706.
Mitac's business of cloud computing business group, valued at about NT$3.4 billion (including assets, liabilities, related valuation items in shareholders' equity, and operations), was spun off and offered to the new MiTAC Computing Technology Corporation. MiTAC Computing Technology issued new shares as consideration to MiTAC Holdings. The transaction closing date of the spinoff was on 1 September 2014.
According to corporate president Billy Ho, Mitac withdrew from the PC industry in 2010 and has turned its focus on developing Internet of things (IoT) systems. This transformation resulted to the organization changed afterwards.
On 22 February 2007, MiTAC signed a definitive agreement to buy portable navigation device (PND) operations of the Navman brand from Brunswick Corporation.
MiTAC merged with Tyan Computer on 22 March 2007 for its server business. Therefore, MiTAC has not only OEM business for top-five server brands, but also TYAN focusing on value-added reseller and system integration market.
Contents
Products
Infotainment systems for automotive OEMs, automotive navigation systems, drive video recorders, dashcams, connected car solutions, outdoor navigators, smart watches, wearable computers.
History
MiTAC was founded in Hsinchu Science Park on 8 December 1982. By 1985 MiTAC was promoted as an independent computer brand.
MiTAC adopted SMT technology in 1989 and developed the world's fastest 80386-based personal computer with 286, 386, and 486-based products.
Officially listed on the Taiwan Stock Exchange from 1990 to 2013 (TWSE: 2315). From 12 September 2013 MiTAC Holdings Corporation was established and listed and traded on Taiwan Stock Exchange under stock code 3706.
In 1990, established MiTAC Technology (now called Getac) through a strategic alliance with General Electric of the US to specialize in the national defense and industrial notebook PCs.
In 1992, they quickened the pace of internationalization, expanding its production facilities in the UK, in order to meet demand in the European market. Listed as a Level-A vendor for environmental protection in an assessment of Taiwan's 500 largest manufacturers by the Environmental Protection Agency.
In 1993 MiTAC acquired American subsidiary and Compac (now Synnex Corporation), thereby increasing MiTAC International's competitiveness in the US market, and established subsidiaries in Mexico and New Zealand. MiTAC Shunde in China officially commenced operations.
MiTAC International signed a formal agreement with Compaq in 1995 to establish a strategic alliance. MiTAC International's US subsidiary Synnex successfully acquired well-known American distribution channel vendor ComputerLand in 1997.
Announced in 1999 the taking of a stake in well-known American computer motherboard design house Tyan, thereby entering the market for high-end motherboards.
In 2000, established MiTAC Computer (Shanghai) Ltd., MiTAC Computer (Kunshan) Ltd., and Shanghai MiTAC Research Ltd. to expand production and respond to strategic deployments.