Sony, Toshiba and Hitachi combine their Small- and Medium-Sized Display Businesses
The companies Sony, Toshiba and Hitach, along with Innovation Network Corporation of Japan (INCJ) have announced an agreement for establishing a new global company which will integrate their small- and medium-sized display businesses.
The deal is expected to be finalized by Spring 2012 and according the agreement Innovation Network Corporation will invest total of 200 billion yen and will get a 70% of the shares, while Sony, Hitachi and Toshiba will receive 10% of the shares.
By uniting their technology, experience and resource, the companies expect to create the leading small- and medium-sized display manufacturer and to compete better on the growing market of high resolution displays for smartphones, tablet, notebooks and other devices.
Let’s see what will be the next move of Sharp and the Korean companies.