Quanta Computer Inc (
The Taoyuan-based company's comments came after a report said that Japanese consumer electronics maker Sanyo Electric Co Ltd planned to dissolve a joint venture with Quanta by the end of this month.
"The joint venture has been suspended for a long time. Quanta has dissolved its TV department," a Quanta public relations official told the Taipei Times by phone yesterday.
Sanyo and Quanta Computer announced in March 2006 they would set up a venture to produce and market flat-screen TVs. Five months later, however, Quanta said the cooperation would be limited to parts procurement and TV model development, adding that a deeper partnership had proved too complex.
Quanta hired about 100 employees for its TV operations, the official said. Late last year, a major part of the employees were relocated to the company's liquid-crystal-display (LCD) monitor and TV manufacturing arm, Techview International Technology Inc (達裕).
Techview is a joint venture between Quanta Computer and Pou Chen Group (
Pou Chen is a manufacturer of shoes for some of the world's top sports apparel brands.
Quanta and Sanyo's joint venture, Sanyo Visual Technology, was established in October of 2006 with a capitalization of ¥100 million (US$937,000). Sanyo owns 81 percent of the venture and the remainder is controlled by Quanta.
The Nikkei Shimbun said the decision to end the venture would be announced officially on Wednesday.
A Sanyo spokesman said the company was considering a wide range of options to expand its TV business, but had not reached a decision on the future of its joint venture with Quanta.
Sanyo, which has been shedding its non-core assets to focus on mainstay operations such as rechargeable batteries, said last Monday it would sell its cellphone business to electronics maker Kyocera Corp for between ¥40 billion and ¥50 billion.