When it comes to the LCD display market, Samsung and LG have been known as the “big 2”, while other manufacturers such as Sharp and Chimei Innolux have been left behind. For those unfamiliar with Chimei Innolux, they are a subsidiary of Hon Hai Precision Industries, or better known as Foxconn.

It seems that in a bid to lower costs and also compete against Samsung and LG, both Sharp and Chimei Innolux have decided to enter into a 50/50 joint venture to produce LCD panels components, an operation which is scheduled to start by the end of the year.

Together, the companies will purchase components such as glass subtracts and color filters, and hopes that with their combined reputation and buying power, the cost of said components will be less. Chimei is said to be focusing on the smaller displays, and will provide displays of 20-inches to 40-inches to Sharp for TVs, while Sharp will focus on the larger displays of 60-inches or more.

Let’s hope that this translates into a wider range of LCD displays at cheaper costs for us consumers.

Filed in Gadgets. Read more about Foxconn, LG, Samsung and Sharp.

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