updated 11:00 pm EST, Thu December 18, 2008
ABIT to close
Component manufacturer ABIT is set to cease operations on December 31st, according to TweakTown. The company gained notoriety and success in the early 1990s for producing motherboards that were preferred by many overclocking enthusiasts. The components offered Softmenu jumperless technology that allowed CPU configurations to be adjusted from the BIOS. The development lead to the integration of a chip onto ABIT motherboards that allowed adjustments to be made while the operating system was running.
The company ran into trouble in 2004 when the Taiwan Stock Exchange downgraded its stock due to accounting inconsistencies. ABIT's motherboard division was purchased by Universal Scientific Industrial (USI) in 2006 and renamed to Universal abit. USI is currently in the process of restructuring and cutting costs.