Reuters reports that Sony Corporation said that it would take a one-third stake in
Sharp's $3.5 billion LCD panel plant, which is set for completion by March
2010, to meet the rising demand for flatscreen televisions.
It is the
latest alliance among Japanese flatscreen TV makers, as they attempt to secure
enough supply while still keeping investment low in the face of falling prices.
gains another panel supply source in addition to a previous LCD venture with
Samsung Electronics, and the deal gives Sharp a partner to share the
large investment, while bringing additional work to the factory.
The LCD factory, which will become
the world's largest, is planned as a joint venture with Sony, with Sharp retaining a 66 percent ownership.
companies have declined to say how much they would invest.
agreement is a very big step for Sony as we strive to become the world's number
one TV maker," Sony President Ryoji Chubachi told a news conference.
and Sharp are the second and third largest LCD TV makers in the world, behind Samsung,
according to flat panel research and consulting firm DisplaySearch.
AUSTIN, TX - DisplaySearch published survey findings on TV shipments for Q4 2007. TV shipments increased 5% year-on-year and 21% for the quarter compared to 2006. Over 60 million units were shipped in 4Q and 200 million units for all of 2007. This is the first time sales has topped $100 billion according to DisplaySearch.
Sony lead in the LCD TV segment, outperforming Samsung. Global shipments of LCD TVs in the Q4 was up 56% YoY and 73% for the year to nearly 80 million units. Based on strong sales in the Americas, Sony staged a comeback, ranking second in Q3 and leading for Q4.