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Sony, Sharp to set up joint company to produce LCD panels

3, 05. 2008

   Sony and Sharp will set up a joint company in April 2009 for the joint production of LCD panels. This was announced by the two companies on Feb. 26, 2008.

   Sharp will invest 66% of the capital and Sony, 34% for the establishment of the new company. The new company will produce LCD panel modules for large TV sets for sale to the two companies. Sony, which holds the second largest market share in the world for LCD panel TV's, has been procuring LCD panels from suppliers, including S-LCD, a joint company set up in South Korea by Sony and Samsung. Sony is aiming at increasing the production of the TV's by expanding the supply sources for the panels.

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