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Sony tying up with Sharp to make LCD panels

Sony tying up with Sharp to make LCD panels

Sony and Sharp are tying up in the flat-panel TV business, with Sony investing in a Sharp plant for making liquid crystal displays, both sides said in a statement.
Sony Corp. had fallen behind in developing flat panel TVs, and does not make its own liquid crystal displays for its TVs. It has been buying LCD panels from a joint venture it has with Samsung Electronics Co. of South Korea.
With the latest partnership with Sharp, it can hope to ensure a stable panel supply for its TVs.
Demand for slimmer and bigger TVs is growing around the world. Although the televisions use various panel technologies, LCD is the leading technology so far along with plasma display panels.
"Besides attractive products and a solid supply chain, ensuring a stable procurement of panels is critical," Sony President Ryoji Chubachi said at a joint news conference with Sharp President Mikio Katayama. "This is an important step in Sony's effort to become the world's No. 1 TV maker."
Japan's business daily The Nikkei reported in its Tuesday editions that Sony plans to invest 100 billion yen (US$926 million;


Updated : 2021-05-10 07:03 GMT+08:00