Lite-On IT Corp has moved to automotive optical-disc drives
market. The company set up an automotive-application business division with two
sub-divisions, car compuÂters and automotive optical-disc drives, and initially
hired 60 R&D staff for the operation. Lite-On indicated that the competition
of optical-disc drives is intense so that the comÂpany has to find a new way to
go. Kung Jen-wu, president of Lite-On's optical-storage unit, pointed out that
the company has started to develop automotive products and now is setting up the
new division to make the operation becomes more smooth. Lito-On tried to aquire
Meiloon IndusÂtrial Co Ltd before but the acquisition failed because of the
difference in opinions on stock prices.