Times of India Thursday September 1 2011
Japan's Sony corp,Toshiba Corp and Hitachi Ltd. are all making losses in small LCD panels. Hence they decided to merge their Liquid crystal display operations.This merged unit will have $ 2.6 Billion of Japan government's funds to ward off its Japan,Taiwan and Korean competitors.
Japan competitor:-Sharp
Taiwan Competitor:-AU Optronics
Korean Competitor:-Samsung
The Innovation Network Corp of Japan(INCJ) will invest about 200 billion yen ($ 2.6 billion) in the merged unit taking a 70% stake.The three companies would each take a 10% stake.
The three companies Sony,Toshiba and Hitachi together controlled 21.5 % of small and medium sized displays last year whereas sharp had 14% market share and samsung mobile had 11.9 market share
Sony,Toshiba and Hitach small LCD panels units merger
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