Sony, Toshiba, Hitachi join forces in displays

August 31, 2011
In this April 26, 2011 file photo, Sony's prototype tablets code-named, S1, left, and S2, are shown in Tokyo. The display businesses of three major Japanese electronics makers, Sony Corp., Toshiba Corp. and Hitachi Ltd., are joining forces to become more competitive in small and medium-sized panels, a sector that's expected to grow because of the popularity of smartphones and tablets, the companies said Wednesday, Aug. 31, 2011. (AP Photo/Koji Sasahara, File)

(AP) -- The display businesses of three major Japanese electronics makers are joining forces to become more competitive in small and medium-sized panels - a sector that's expected to grow because of the popularity of smartphones and tablets.

The display-business subsidiaries of ., . and Hitachi Ltd. agreed to sign a deal later this year and to complete the business combination by the first few months of next year, the companies said Wednesday.

Japanese media reports said the combined forces of the three companies will make them the world's No. 1 in small and medium-sized displays.

have had a tough time fighting competition from Apple Inc. and its iPod and hits as well as the display prowess of South Korean makers such as Samsung Electronics Co.

The latest move shows that the Japanese are determined to make a comeback but have decided they can't do it alone.

The companies said they think still have an edge in in displays, but they have to act quickly because rivals are also investing in the sector.

The subsidiary shares will be transferred to a new company called Japan Display, which will be aggressive in research in new kinds of displays, including making them thinner and higher resolution, they said.

"By integrating each partner company's wealth of display expertise and know-how, I am confident the new company will become a driving force for technological innovation," said Sony Chairman and Chief Executive Howard Stringer.

Explore further: Toshiba to take over LCD joint venture with Panasonic

0 shares

Related Stories

Japanese firms in talks on microchip merger

April 16, 2009

Renesas Technology Corp. and NEC Electronics Corp. are in merger talks to create Japan's top chipmaker as they seek to survive the global recession, reports said Thursday.

US agency examines Sony patent infringement claim

April 16, 2010

A US trade agency has launched a probe into Sony Corp's claims that several companies, including two major computer monitor makers in Hong Kong and Taiwan, infringed on its patents for display devices.

LG puts hopes on 'next generation' 3-D TV

February 16, 2011

(AP) -- LG Electronics says competition is heating up in the global battle to woo viewers to 3-D TVs and the South Korean company thinks it has an edge.

Recommended for you

Power grid forecasting tool reduces costly errors

July 30, 2015

Accurately forecasting future electricity needs is tricky, with sudden weather changes and other variables impacting projections minute by minute. Errors can have grave repercussions, from blackouts to high market costs. ...

Microsoft describes hard-to-mimic authentication gesture

August 1, 2015

Photos. Messages. Bank account codes. And so much more—sit on a person's mobile device, and the question is, how to secure them without having to depend on lengthy password codes of letters and numbers. Vendors promoting ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.