![]() Sales were poor and not well-received due to ongoing VHS vs. Funai also developed the Compact Video Cassette (CVC) format in the same year, a joint development with Technicolor, trying to compete with VHS and Betamax. In 1980, Funai launched a sales and manufacturing subsidiary in Germany. The Funai company was formed, Tetsuro Funai became CEO for 47 years and a US dollar billionaire, and the first actual products produced were the transistor radios. Then, the introduction of transistor technology had begun to change the face of the electronics market. ![]() During the 1950s before the company was formed, Funai produced sewing machines and was one of the first Japanese makers to enter the United States retail market. Funai was founded by Tetsuro Funai, the son of a sewing machine manufacturer.
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