DataPlus and Chip Manufacturing Announce Tie-up DataPlus and Chip Manufacturing announced Friday that they would soon launch a joint 1. ------- to produce a third-generation data storage technology. At a news conference held the following day, which the CEOs of both firms attended, representatives from the two companies outlined the details and the purpose of the move. They told reporters that the tie-up would combine DataPlus's expertise in data storage software with Chip Manufacturing's strong industrial production facilities to reduce costs in 2. ------- the development and manufacturing of the new units. They hope this initiative will put them at the forefront of an industry expected to be worth as much as $3 billion worldwide. The two companies emphasized that the tie-up, slated to begin this September, was for data storage only and that they had no plans to merge. Start-up costs for venture are 3. ------- at $200 million, and the new generation of data storage technology is expected to hit the market next July. |
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