Tuesday, May 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG X Venture Smartphone Will is Built for Adventure
HP Debuts New Premium PC Portfolio Taking On Microsoft's Surface Models
U.S. Remains the Top Market for VR, Followed by Japan
JDI's Electronic Paper Backplane Enables Creation of 600ppi ePaper Displays
Samsung to Showcase 'Stretchable' OLED, Glasses-free 3D OLED At SID 2017
WikiLeaks Says 'Athena' CIA Spying Program Targets All Versions of Windows
Holograms Could be the Future of Near-eye Displays
Samsung Chromebook Pro Available on May 28 For $550
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Sony En...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 24, 2012
Sony Ends Panel Joint Venture With Sharp


Sony ans Sharp are ending their joint venture to produce and sell large liquid-crystal displays for TVs, with to Sony sell its shares (representing 7.04% of the issued shares) in Sharp Display Products Corporation (SDP) to SDP.

On July 1, 2009, Sharp transferred its LCD panel plant in Sakai City, Osaka Prefecture, to SDP, a wholly-owned subsidiary of Sharp. On December 29, 2009, Sony invested 10 billion yen into SDP in exchange for new shares issued by SDP to Sony (representing 7.04% of the issued shares of SDP) and, as a result, SDP became a joint venture company of Sharp and Sony as of the same date.

As part of Sony's new strategy to buy panels rather than invest in manufacturing them and in light of the rapidly changing market for LCD panels and LCD televisions, in March 2012 Sharp and Sony agreed to amend the original joint venture agreement to provide that Sony would not make additional capital injections in SDP.

Sony won't lose any money as it will receive 10 billion yen ($126 million), the same as what it paid for shares in the Sharp subsidiary, which produces panels in Sakai city, western Japan.

Sony recently also ended its joint venture with Samsung to produce flat panels.

Sony has bled money for eight straight years in its core TV business, bashed by competition from Samsung and other Asian rivals.

In related news, Sharp and Taiwan's Hon Hai Precision Industry Co (Foxconn) will reportdly jointly produce panels for Apple's iPhone and other consumer electronics products in China, the Nikkei business daily said on Thursday.

With its technology expertisse, Sharp will help Hon Hai to maintain lower defect rates at its planned plant in Chengdu in China.


Previous
Next
UMC To Invest $8 billion in 12-inch Wafer Fab in Taiwan        All News        Spansion Unveils SLC NAND Flash Family and Future Roadmap
UMC To Invest $8 billion in 12-inch Wafer Fab in Taiwan     General Computing News      Spansion Unveils SLC NAND Flash Family and Future Roadmap

Get RSS feed Easy Print E-Mail this Message

Related News
Sharp To Invest $1 billion in SoftBank's Tech Fund
Sony Returns to the OLED TV Market With New Models
Image Sensors, Batteries And Playstation Boosts Sony's Profit
Cost Cuts Start Paying Off For Sharp
Sony Launches The a9 24MP 20fps Full-frame Sports Camera
Foxconn To Help Sharp Return To IT Equipment Business: report
Sharp's New 70-inch 8K HDR Display Is Relatively Lightweight And Power-efficient
Sony Commercializes High-Sensitivity CMOS Image Sensor for Automotive Cameras
E Ink and Sony to Establish a Joint Venture to Operate Electronic Paper Display Business
Sony Introduces Extended Life Solid State Drives
MWC: Sony Adds Four New Photo-centric Smartphones To X-series
Sony Unveils Pricing And Availability Of 2017 4K HDR Ultra HD TVs And Ultra HD Blu-ray Player

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .