In the global economy that we are in today, it makes perfect sense to run a lean operation – which would mean cutting costs without compromising on quality whenever and wherever possible. Since Toshiba and Sony do have plenty of consumer electronics offerings that rely on LCD panels, it comes across as no surprise to see both Japanese giants talking to each other, hoping to merge their LCD operations into a new entity – at least that is what Reuters is reporting.
If the new entity materializes, it would then usurp Sharp’s position as the largest manufacturer of small and mid-sized LCD panels in the world, where these displays are extremely common these days, finding their place amongst the plethora of smartphones and tablets to date.
Again, should it come to pass, both companies might just want to sell off up to 80% of the new entity to Japanese government-backed investment fund Innovation Network Corp of Japan. Initial discussions and speculation have led folks to believe that the fund might just invest around 100 billion yen ($1.24 billion) into the operations. We will have to wait to see how this whole thing will pan out.
Next Story: Archos A35Domo passes through FCC's hoops
- 2014-04-14: Sony Xperia Z2 Pre-Orders Reopened In Europe
- 2014-04-11: Sony Vaio Fit 11A Recall Because Of Battery Overheating Risk
- 2014-04-11: Sony Unveils H1Z1, Upcoming Zombie MMO Title
- 2014-04-10: Sony A7s Priced In The UK At £2,500 Body-Only
- 2014-04-08: Improved PS Vita In Borderlands 2 Bundle Hits The US This May 6
- 2013-09-11: New PS Vita LCD Screen Compared To Previous Model's OLED Screen
- 2013-04-01: April Fools Compilation
- 2012-07-03: Toshiba found guilty of LCD price-fixing
- 2011-08-31: Sony, Toshiba and Hitachi merge LCD operations
- 2011-05-16: Toshiba ups display ante with 367ppi LCD, targets cellphones