Chinese firm to compete with PS2, Gamecube, Xbox

A report in the Taiwanese press claims a Chinese company will attack Sony, Nintendo and Microsoft by introducing its own video game consoles.

The Economic News quoted the chairman of Sichuan Changhong Electric – a massive TV firm on the mainland, as saying that his firm will take a lead from Sony.

Changhong – which made 12 million TV sets last year -- has already approached a number of Taiwanese manufacturers with a view to making the consoles, the newspaper reports.

It has plants in China but is also building a factory in Russia.

The firm has already approached a Taiwanese chip firm, Sunplus, to design microcontrollers for the machines, and is also talking to some Japanese majors.

News source: The Inquirer

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