Sony, Toshiba, Hitachi join forces in displays

Aug 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: Why the Sony hack isn't big news in Japan

not rated yet
add to favorites email to friend print save as pdf

Related Stories

US agency examines Sony patent infringement claim

Apr 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.

Japanese firms in talks on microchip merger

Apr 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.

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

Feb 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

China's Xiaomi raises more than $1 bn in funding

2 hours ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

23 hours ago

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

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.