Monday, March 20, 2006

Partnership with Sanyo to help drive Quanta Computer LCD TV business

With its new joint venture (JV) with Japan-based Sanyo Electric, Taiwan-based Quanta Computer expects its ODM-based TV business to see significant growth over the next ten years, according to Michael Wang, CEO of Quanta Computer.

Sanyo Electric and Quanta Computer have officially signed a letter of intent (LOI) to invest US$65 million in capital to develop the JV, which will be located in Taiwan, according to both companies.

The newly formed company will manufacture and sell flat panel TVs under the Sanyo brand and it is expected to begin operation in the third quarter of this year, with the details of the cooperation between the two firms to be finalized over the next three months, Quanta Computer pointed out.

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