The marketplace is called eHITEX, an independent exchange built to serve the needs of the high tech supply chain community. It aims to improve supply chain efficiency and procurement among its founding members, their buyers and suppliers. Its founding members include AMD, Canon, Compaq, Hitachi, Hewlett-Packard and NEC. The collective annual procurement spending of the eHITEX partners exceeds $300 billion.
eHITEX is using Commerce One Auction Services to run auctions on demand, enabling members to obtain and sell critical components and finished goods. It is estimated that by December 2000, members will be conducting 500 or more auctions per month with more than 350 bidders that have already joined the eHITEX auction program.