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GMI Technology Enters Wi-Fi Module Market

GMI Technology Inc. (Public, TPE: 3312) today announced that it has entered the fast growing market for Wi-Fi modules. GMI Technology will initially focus on providing Wi- Fi modules to the China netbook market. The company will provide Wi-Fi IC’s to a module manufacturing partner and then sell the modules to netbook manufacturers, including OEMs, ODMs and System Integrators. Shipments are scheduled to begin in the 3rd quarter.
Commenting on the announcement, Pete Andreyev, vice president, GMI Technology, said,“GMI Technology has been a successful long term provider of Wi-Fi ICs to China manufacturers, and this is a natural extension of our existing Wi-Fi business. We will focus on winning new customers, to complement the strong customer base that our current Wi-Fi module manufacturing customers have. In addition we will work with those existing Wi-Fi IC customers to help them expand their module business to new markets. GMI Technology is very optimistic about the growth of the Wi-Fi market in China, and this also fits with our strategic announcement last month to focus on the exploding netbook market.”