Japan’s Sanyo Electric and Taiwan’s Quanta Computer have reached a basic agreement to form a joint venture to make and sell flat-panel TVs, they said Friday.The televisions will be sold under the Sanyo brand and also offered on an OEM (original equipment manufacturer) basis to other TV vendors, the companies said in a statement. The venture seeks to combine Sanyo’s research and development work and global sales network with Quanta’s low-cost production base in China.Precise details of the new venture, including ownership details, have yet to be decided, they said.The deal is the second in two months in which Sanyo has tied up with an overseas competitor and comes as the Japanese company is in the midst of restructuring. Sanyo is expected to record a loss of 233 billion yen (US$2 billion) in the current financial year. In February, Sanyo said it had basically agreed to merge its CDMA (Code Division Multiple Access) mobile phone business with that of Nokia Corp. with a view to capturing the top share of the global CDMA market. A final agreement on that deal is expected to be signed in the second quarter of this year, and the new company is projected to begin operating in the third quarter of this year.-Martyn Williams, IDG News Service Keep checking in at our CIO News Alerts and TechInformer pages for updated news coverage. Related content opinion Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security feature LexisNexis rises to the generative AI challenge With generative AI, the legal information services giant faces its most formidable disruptor yet. That’s why CTO Jeff Reihl is embracing and enhancing the technology swiftly to keep in front of the competition. By Paula Rooney Dec 01, 2023 6 mins Generative AI Digital Transformation Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe