studios. With this advancement many consumers created sophisticated home demo recordings for the first time. TEAC, and its TASCAM division, as well as other manufacturers sold thousands of these machines to musicians well into the 1990s. Some of TEAC's most popular home multitrack recorders with Simul-Sync: The A3340 4-track recorder with 10.5" tape reels, 7½ and 15 ips speeds w/ manual direction toggle lever The A2340 4-track recorder with 7" tape reels, 3¾ and 7½ ips speeds w/ manual direction toggle lever The A3340S 4-track recorder with 10.5" tape reels, 7½ and 15 ips speeds, the 's' designation indicates an improved tape transport mechanism with solenoid control The A2340S 4-track recorder with 7" tape reels, 3¾ and 7½ ips speeds, the 's' designation indicates an improved tape transport mechanism with solenoid control In 2013, Gibson bought a majority stake in the company, giving it 54.42% of the company. After Gibson's bankruptcy in 2018, TEAC announced that they would continue to operate on their own. Computer tape memory systems In May 1961 TEAC entered into a licensing agreement with IBM to create magnetic tape memory systems. References External links TEAC Worldwide TEAC North America Hajime Yamaguchi Interview NAMM Oral History Library (2005) Audio equipment manufacturers of Japan Manufacturing companies based in Tokyo Companies listed on the Tokyo Stock Exchange Consumer electronics brands Portable audio player manufacturers Phonograph manufacturers Loudspeaker manufacturers Electronics companies established in 1953 Japanese companies established in 1953 Japanese brands Electronics companies of Japan