28 Nov '11, 11am

Japan's 'super' display supplier to enter market next year #japan

Hitachi, Sony and Toshiba have signed definitive agreements to integrate their small- and medium-sized display businesses to create a "super" LCD supplier called Japan Display. The business is scheduled to begin operations in Spring of 2012, subject to the receipt of any necessary government approvals. The new company will be majority owned and operated by Innovation Network Corporation of Japan (INCJ), a public-private partnership. With some backing by the government of Japan, INCJ will invest a total of 200 billion yen in Japan Display. The three manufacturers will transfer their small- and medium-sized display businesses to Japan Display, and Sony , Toshiba and Hitachi will invest in teh new company and take small equity stakes. The intention to merge the three displays businesses was announced in August . $2.6bn will be put into the joint venture by the public-private-...

Full article: http://www.electronicsweekly.com/Articles/28/11/2011/5239...

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