Sanyo Electric and Quanta Computer have agreed to form a joint venture (JV) company for the flat panel TV business. The new company will manufacture and sell flat panel TVs for the Sanyo brand. The JV will also continue to expand upon Quanta’s flat panel TV ODM business.

Sanyo currently manufactures and sells 6.5 million TV sets annually all over the world with major bases in Japan, US, Europe, China, Indonesia and India.

Quanta is a leading provider of IT products with over 30% of the world production share of notebook PCs and has recently expanded into the rapidly growing flat panel TV business.