Asus 2014 Annual Report Download - page 8

4
II. Introduction
I. Establishment date: April 2, 1990
II. Development history
April 1990 Hung-Shuo Computer Inc.
—
the Company that woul
d
eventually become
ASUS—is incorporated in Beitou District, Taipei City, with capital of NT$30
million.
April 1990 The Company forms a partnership with Intel Corporation.
May 1990 ASUS Cache 386/33 and 486/25 personal computer motherboards grow in
popularity before 486/25 series is launched with IBM and ALR, forming a
partnership that becomes a milestone of technology development in Taiwan.
May 1990 Facilities and R&D enginee
r
teams are rapidly expande
d
for development and
production of the EISA 486 motherboard.
July 1990 Business o
p
era
t
ions and manufacturing
p
ermits are obtained and
p
roduction of
motherboards begins, with quality that is quickly recognized by peers and markets.
October 1990 To accommodate rapid expansion,
b
usiness headquarte
r
s and
p
roduction facilities
are relocated to a 21,420 sq. ft. facility at Chung-Young N. Road, Sec. 4 (street
name changed to Li-Te Road by Taipei City Government in 1993).
N
ovember 1990 EISA 486 motherboard officially released at COMDEX trade show in Novembe
r
,
subsequently becoming the most popular motherboard in the world.
December 1990 Cash capital increase of
N
T$50 million
b
rings total
p
aid-in capital to
N
T$80
million.
December 1990 Company reports firs
t
-year sales revenue of
N
T$230 million and net income of
NT$36.82 million.
January 1991 Popularity of the 286 and 386SX is well-established as more advanced 486
motherboards are launched and become highly sought-after by a growing consumer
base.
March 1991 Profit from sales of the 486 excee
d
s
p
rofit from the 386 series for the first time.
Trend continues going forward, making the 486 the most profitable product to date.
April 1991 Managemen
t
, marketing and sales teams are all expanded to support rapid growth in
business.
August 1991 Bes
t
-selling EISA 486 series generates significan
t
month-ove
r
-month
p
rofit.
Decembe
r
1991 Intel Corporation significantly increases
b
usiness credit line to ASUS (more than 5x
times the original amount.)
December 1991 Cash capital increase of NT$40 million
p
lus capital increase from retained earnings
of NT$30 million bring total paid-in capital to NT$150 million.
December 1991 Company repor
t
s sales revenue of NT$1.399 billion and net income of NT$116
million.
January 1992 Monthly production capacity excee
d
s 30,000 units.
March 1992 The 32-
b
it SCSI interface EISA-SC100
—
with IC software developed in-house by
ASIC—is presented during a trade exhibition in Hanover, Germany, where
product is well-received by customers and technology reviewers.
April 1992 Company signs agreement with AWARD for software authorization.