Japan Display
Encyclopedia
On November 15, 2011, Sony
, Hitachi
, and Toshiba
agreed to the integration of their small and medium size liquid crystal display
(LCD) panel businesses in conjunction with the Innovation Network Corporation of Japan (INCJ). The merged businesses will be known as Japan Display. INCJ will be the largest shareholder of Japan Display Inc., with 70% stake in exchange for a $2.6 billion investment. That leaves Toshiba, Hitachi and Sony with a 10% share each, the stakes originating from their respective small and medium-sized display subsidiaries. The new entity is expected to start operating in the spring of 2012 and expected to be the world's largest LCD maker.
Panasonic has also announced in a separate deal that it has agreed to sell a LCD panel factory to Japan Display. That plant, which is located in Mobara
, currently turns out 600,000 LCD TVs a month. Japan Display is expected to take it over in April next year. The factory sale will be completed in April 2012.
Sony
, commonly referred to as Sony, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan and the world's fifth largest media conglomerate measured by revenues....
, Hitachi
Hitachi
Hitachi is a multinational corporation specializing in high-technology.Hitachi may also refer to:*Hitachi, Ibaraki, Japan*Hitachi province, former province of Japan*Prince Hitachi and Princess Hitachi, members of the Japanese imperial family...
, and Toshiba
Toshiba
is a multinational electronics and electrical equipment corporation headquartered in Tokyo, Japan. It is a diversified manufacturer and marketer of electrical products, spanning information & communications equipment and systems, Internet-based solutions and services, electronic components and...
agreed to the integration of their small and medium size liquid crystal display
Liquid crystal display
A liquid crystal display is a flat panel display, electronic visual display, or video display that uses the light modulating properties of liquid crystals . LCs do not emit light directly....
(LCD) panel businesses in conjunction with the Innovation Network Corporation of Japan (INCJ). The merged businesses will be known as Japan Display. INCJ will be the largest shareholder of Japan Display Inc., with 70% stake in exchange for a $2.6 billion investment. That leaves Toshiba, Hitachi and Sony with a 10% share each, the stakes originating from their respective small and medium-sized display subsidiaries. The new entity is expected to start operating in the spring of 2012 and expected to be the world's largest LCD maker.
Panasonic has also announced in a separate deal that it has agreed to sell a LCD panel factory to Japan Display. That plant, which is located in Mobara
Mobara, Chiba
is a city located in Chiba Prefecture, Japan. As of September 2010, the city has an estimated population of 92,449 and a population density of 924 persons per km². The total area is 100.01 km².-Geography:...
, currently turns out 600,000 LCD TVs a month. Japan Display is expected to take it over in April next year. The factory sale will be completed in April 2012.