Sony and Sharp have not officially denied a report that they have
scrapped plans to jointly make large liquid-crystal display
panels at Sharp?s plant in Sakai, near Osaka.
The Yomiuri nespaper reported last weekend that Sony would cancel
its plans to jointly produce liquid-crystal display panels with
Sharp and boost procurement from Taiwan. The report said Sony may
also drop its plan to raise its stake in the firm from the
current 7 percent.
Sony today made a brief statement
on the media reports,
saying that "the company has made no announcement in this regard
and has no comment."
Sharp and Sony entered into a joint venture agreement related to
the production and sales of large LCD panels and modules last
year. The two companies had agreed to establish the joint
corporation to operate Sharp's Sakai plant and they started
making LCD panels about three months later.
Sony has about a 7 percent interest in the joint firm and was to
increase its holdings to a maximum of 34 percent by the end of