Abit, one of the most popular brand names with motherboards, will be formally closing shop on December 31. A popular brand among computer enthusiasts, Abit has a history of churning out some of the best high-end motherboards. Bad corporate governance, along with poor decision-making at the management level, set Abit on a path towards its slow and painful end. Revived by the United Scientific Industrial (USI) in 2006, the company showed some resurgence, it also planned to diversify into peripherals such as digital photo frames, speakers, etc., alongside its desktop motherboards lineup, but evidently it didn't help the company. Post Dec. 31, the company will continue to honour its warranty and RMA commitments for up to three years according to an earlier report. Farewell Abit!