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: US agency examines Sony patent infringement claim

0 shares

Related Stories

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.

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.

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

US prepares to cede key role for internet

September 29, 2016

The US government is set to cut the final thread of its oversight of the internet, yielding a largely symbolic but nevertheless significant role over the online address system.

Android's Nougat update isn't flashy, but still pretty handy

September 28, 2016

Nougat, Google's latest update of its Android smartphone software, isn't particularly flashy; you might not even notice what's different about it at first. But it offers a number of practical time-saving features, plus a ...

Hyperloop pushes dream of low-cost futuristic transport

September 23, 2016

Is it a plane, is it a train? No, say supporters of Hyperloop, a futuristic mode of transport floated by Silicon Valley billionaire Elon Musk that promises high-tech, high-speed and cheap travel over long distances.

MIT's flea market specializes in rare, obscure electronics

September 25, 2016

Once a month in the summer, a small parking lot on the Massachusetts Institute of Technology's campus transforms into a high-tech flea market known for its outlandish offerings. Tables overflow with antique radio equipment, ...

First test of driverless minibus in Paris Saturday

September 24, 2016

The French capital's transport authority will on Saturday carry out its first test of a driverless minibus, in the hope that regular routes for the hi-tech vehicles will be up and running within two years.

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.