Willas-Array Electronics Holdings Ltd. announced that it has entered into a joint venture agreement with G.M.I Technology Inc. (GMI) to strengthen their distribution business of Toshiba products in mainland China and Hong Kong. Under the agreement, a joint venture company by the name of GW Electronics Company Limited has been formed, and the company will be an authorized distributor of Toshiba Semiconductor. The major focus of this new company will be to distribute Toshiba semiconductor products in mainland China and Hong Kong. The operation of the joint venture is expected to start from early next year.

G.M.I. Technology Inc. announced earnings results for the third quarter and nine months ended September 30, 2012. For the three month period ended September 30, 2012 net revenue was a record $113.4 million, an increase of 21% versus the same period in 2011. After-tax net profit for the three month period was $444,000, a decrease of 6.5% versus the prior quarter in 2012. For the nine month period ended September 30, 2012 net revenue was a record $325 million an increase of 9% versus the same period in 2011.

G.M.I. Technology Inc. announced earnings results for the second quarter and year to date period 2012. For the quarter, the company reported net revenue of $108,478,260, operating income of $683,430, profit before tax of $672,950, profit after tax of $475,160 or TWD 0.17 per share. For the year to date period, the company reported net revenue of $212,003,310, operating income of $505,960, profit before tax of $302,380, profit after tax of $193,480 or TWD 0.07 per share.