TECO and Walsin Lihwa Inks Cooperation MOU


Sophia Chiu, chairman of TECO Electric & Machinery, and Yu-Lon Chiao, chairman of Walsin Lihwa Corp., signed a memorandum of understanding on cooperation on Nov. 30, paving the way for the two parties to combine their respective advantages for  engagement in strategic cooperation and deployment, with the aim of achieving mutual benefits and prosperity.


The two parties have immediately set up an ad hoc committee overseeing the strategic cooperation, headed by the two companies' chairmen and presidents, which consists of three sections, namely smart manufacturing, green-energy storage, and smart grid.  


The alliance also covers the two companies' core businesses, especially in the aspects of procurement and overseas marketing.