Asus 2011 Annual Report Download - page 7

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II. Introduction of the Company
I. Establishment date: April 2, 1990
II. Development history
April 1990 ASUS was incorporated at 2F, 14-2, Sec. 2, Chung-Young S. Road, Beitou District,
Taipei City and with a paid-in capital of NT$30 million collected.
April 1990 Became a direct customer of Intel (U.S.A.)
May 1990 Cache 386/33 and 486/25 personal computer motherboar
d
was popular. 486/25 was
market launched with IBM and ALR synchronously and it was the milestone of
computer development in Taiwan.
May 1990 Expanded the instrument and equipment of R&D department and recruited R&D
talents progressively for the development of EISA 486 motherboard.
July 1990 ASUS completed the registration of the manufacturing facility and with production
initiated. The in-house made quality products were popular.
October 1990 The head office and manufacturing facilities were relocated to 4F, 10, Alley 25,
Lane 425, Sec. 4, Chung-Young N. Road (changed name to “Li-Te Road” by Taipei
City Government in 1993) with an area of 602 pings due to business expansion.
N
ovember 1990 EISA 486 motherboard was market launched officially and became a marke
t
-leading
product while attending COMDEX exhibition in early November.
December 1990 Increased the pai
d
-in capital to NT$80 million
b
y cash capitalization for an amount
of NT$50 million.
December 1990 Generated sales revenue of NT$230 million in the first year of the incorporation and
16.01% net income for an amount of NT$36.82 million.
January 1991 The 286 and 386SX were popular in 1990 while the 486-mothe
r
b
oard technology
was difficult and expensive. ASUS was in control of advanced product technology
and marketing. The market demand for advanced motherboard was growing this
year.
March 1991 The profit of 486 in this month exceeded the profit of 386 for the first time that
meant the 486 advanced products had become the major product of the company.
April 1991 Substantiated management team and reinforced marketing ability with multiple
marketing and sales talents recruited by the company.
August 1991 The sales of high unit price EISA 486 product were satisfactory and the said
product had helped the company generate millions of dollars of profit.
Decembe
r
1991 INTEL (USA) provided the company with O/A credit quota for over five times.
December 1991 Increased the pai
d
-in capital to NT$150 million with retained earnings for an
amount of NT$30 million and with cash for an amount of NT$40 million.
December 1991 The sales revenue of this year amounted to NT$1.399 billion and net income
amounted to NT$116 million.
January 1992 Monthly production exceeded 30,000 units.
March 1992 Attended an exhibition in Hanove
r
Germany to presen
t
the 32-
b
it SCSI interface
EISA-SC100. The said product was popular with the IC developed in-house by
ASIC, the self-developed software, and driver software.
April 1992 Signed an agreemen
t
with AWARD for software authorization.
April 1992 The business developmen
t
of the company was reported in the electronic industry
section of Economic Daily News.
June 1992 Sales had gone up dramatically in the year before and were ranked in the 372n
d
place of the Top 500 Industries in Taiwan by China Credit Information Service