Universal Global Scientific Industrial Co., Ltd., and Merry Electronics Co., Ltd. announced that the companies have entered into an agreement to form a joint venture company (JVCo). USI will control 49% of the new venture, with Merry holding 51%. USI has been continuously innovating and developing manufacturing solutions for the miniaturization module market, and its efforts over the years have enabled the company to gain a leading position in miniaturization technology. Merry is a major provider of electro-acoustic product design and manufacturing, focusing on communication, audio-visual entertainment to smart life product applications for international brand customers. Merry supports customers from product development to design and manufacture, and provides professional services from precision component sourcing to assembly of the finished products. The joint venture will combine the expertise of both companies to target the audio module product market by providing customers with the best audio module solutions, including performance verification, software and hardware design. The joint venture will also boost development of audio modules as the preferred solution for wearable electro-acoustic products and consequently open up more market opportunities. The JVCo will form independent R&D and sales teams to focus on audio module design, marketing and customer development. Both Merry and USI will also collaborate closely with each other to maximize synergy along the industry chain and strengthen its leading position in the electro-acoustic market.