daewoo and SGS-Thompson open design center

04/01/1998

Daewoo and SGS-THOMSON open design center

Daewoo Electronics, Seoul, South Korea, and SGS-THOMSON Microelectronics, Paris, France, have agreed to establish a joint design center company in Seoul. The center will be used to develop ICs for existing consumer electronics applications and future products for digital and high definition TV, digital VCR and DVD, telecommunications, computer, and other products. The center will be staffed initially by 20 people, and when fully operational, will have 60 design engineers.

The design center company will be equally owned by Daewoo and SGS-THOMSON, and the position of president of the joint venture will alternate between the two companies. Daewoo executive director Chan Hyoung Kang will be the first president.