They do for quite a few years already. VMV is indeed the higher end brand of S.M.S.L, with a different targeting audience:Maybe they're testing the waters of the "audiophile"swampmarket
SMSL VMV D3 Review (R2R DAC)
This is a review and detailed measurements of the SMSL VMV D3 R2R DAC. It was kindly sent to me by a member and costs US $3,499. Being part of the "high-end" VMV division, it comes in the milled enclosure and separate power supply section of that design path. As such, it is quite heavy and...
www.audiosciencereview.com
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