Saturday, August 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
IFA 2015: What We Know So Far
Acer Liquid Z410 And Liquid Jade Z Phones Released
Huawei Honor Phones Coming To Europe
AMD Radeon R9 370X Graphics Card Launched In Asia
Nokia Agrees on 'Shanghai Bell' Joint Venture with China Huaxin
Apple Debuts at the Number Two Spot In Wearables Market, Behind Fibit
Microsoft's Lumia 950 and 950 XL Windows 10 Smartphones Leaked Online
Facebook Says It Has One Billion Users Per Day
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > Consumer Electronics > Sharp a...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 29, 2009
Sharp and Sony Delay Joint Venture Plans For Large-Sized LCD Panels


Sharp and Sony have decided to postpone the targeted establishment of a joint venture on large LCD panels and modules until March 2010, approximately one year later than originally scheduled.

On February 26, 2008, Sharp and Sony signed a non-binding memorandum of intent regarding the establishment of a joint venture to produce and sell large-sized LCD panels and LCD modules using the world's first 10th generation mother glass substrates, and since then the two companies have been negotiating to enter into legally binding joint venture documentation.

But the financial crisis has forced the two companies to change their plans.

"Faced with changes in the world economy, today Sharp and Sony amended and extended the non-binding MOI to confirm their mutual intent to postpone the targeted establishment of a joint venture until March 2010, approximately one year later than originally scheduled," the companies said in a statement today .

The companies also added that they would continue to negotiate and that they have set June 30, 2009 as the target date by which to enter into a definitive agreement to establish a joint venture.

Sharp plans to start operating its new LCD panel factory in Sakai City, Osaka Prefecture (currently under construction) by March 2010 as originally scheduled.

Once the joint venture agreement become effective, the new joint venture will seek to maximize the advantages gained from using the world's first 10th generation glass substrates to produce large sized LCD panels and modules, which are display panels equipped with components such as a backlight unit and LCD driver chips.

Sharp's new factory would use so-called 10th-generation glass substrates, which can yield more panels than earlier-generation, smaller glass substrates, improving production efficiency.

Sony currently runs an LCD panel joint venture with Samsung Electronics, but procurement from Sharp is expected to help it secure enough panels to meet fast-growing LCD TV demand without heavy capital investments.

Samsung LCD claims that the new joint venture would not affect the Samsung-Sony LCD partnership. Both Sharp and Samsung make flat TVs under their own brands, and Sony, Sharp and Samsung are competing for their piece of the global flat-TV pie.

Surveys have shown that Samsung leads in LCD TV sales with Sony to follow. Sharp, which is struggling to gain overseas brand recognition, still trails Samsung and Sony.


Previous
Next
Google Tools Check Your ISP For Speed, Exposes ISP Traffic Shaping        All News        Eight Mobile Technologies to Watch in 2009 and 2010
Panasonic to Launch Slimmer, Energy Efficient Plasma TVs     Consumer Electronics News      German Blu-ray Player Market Exhibits Dynamic Growth in Q4 2008

Get RSS feed Easy Print E-Mail this Message

Related News
Sony Launches Remote-speaker Hybrid
Sony to Offer Drone Services
Sharp In Talks With Hon Hai On tie-up: report
Sony introduces next generation SmartBand 2
Sony's Midrange Xperia C5 Ultra and M5 Smartphones Come With Strong Cameras
Sharp to Exit Americas TV Market
Sony Profit Rises Following Demand For Mobile Cameras
Android Lollipop Rolls For the Xperia Z3 and Xperia Z2 Series
Sony Mobile and ZMP to Develop Enterprise Solutions that Utilize Autonomous Unmanned Aerial Vehicles
Sharp Plans to Release Transparent LCDs
Sony's New Wireless Speakers Available In The U.S.
Sony Launches Crowdfunding Platform For Its Products

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .