Wow, you guys have found a big gap in my knowledge of home computing history! This one wasn't even on my radar, yet they managed to sell a total of 9M units, in its 10 year history from 1983 to 1993.
For a minute, I wondered whether you were thinking of the 3DO effort to establish a compatible standard for home video game consoles. That came along in 1993, but ended in 1996. Also backed by Japanese manufacturers, along with Korean and Taiwanese.
The first 3DO machines were too expensive, especially once the N64 and Playstation both launched at much lower price points and with (mostly) better specs. I remember seeing demo screen shots from the second gen 3DO hardware that looked really impressive, but the effort fizzled before any machines went on sale.