By Joey Gardiner, 3 May 2000 09:59
NEWS The computer hardware industry is to set up a $600bn Internet exchange to manage the buying and selling of high-tech components online. The exchange is to be a joint venture between 12 industry leaders - including AMD, Compaq, Gateway and HP - but notable absentees include Intel and IBM. The partners are to jointly invest in establishing a new company to run the exchange, which will go live in the next three months. It will aim to create efficiencies in supply chains by automating procurement and reducing the cost of purchasing. Michael Capellas, CEO of Compaq, said the new exchange would allow tremendous savings in time, resources and money spent in procuring parts, with other partners echoing his sentiments. Other partners in the deal are Hitachi, Infineon, NEC, Quantum, Samsung, SCI Systems, Solectron and Western Digital. The news comes as IBM is reported to be setting up its own procurement site with other members of the electronic component community.
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