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Times of India Thursday September 1 2011
Japan's Sony corp,Toshiba Corp and Hitachi Ltd. are all making losses in small LCD panels. Hence they decided to merge their Liquid crystal display operations.This merged unit will have $ 2.6 Billion of Japan government's funds to ward off its Japan,Taiwan and Korean competitors.
Japan competitor:-Sharp
Taiwan Competitor:-AU Optronics
Korean Competitor:-Samsung
The Innovation Network Corp of Japan(INCJ) will invest about 200 billion yen ($ 2.6 billion) in the merged unit taking a 70% stake.The three companies would each take a 10% stake.
The three companies Sony,Toshiba and Hitachi together controlled 21.5 % of small and medium sized displays last year whereas sharp had 14% market share and samsung mobile had 11.9 market share
Japan's Sony corp,Toshiba Corp and Hitachi Ltd. are all making losses in small LCD panels. Hence they decided to merge their Liquid crystal display operations.This merged unit will have $ 2.6 Billion of Japan government's funds to ward off its Japan,Taiwan and Korean competitors.
Japan competitor:-Sharp
Taiwan Competitor:-AU Optronics
Korean Competitor:-Samsung
The Innovation Network Corp of Japan(INCJ) will invest about 200 billion yen ($ 2.6 billion) in the merged unit taking a 70% stake.The three companies would each take a 10% stake.
The three companies Sony,Toshiba and Hitachi together controlled 21.5 % of small and medium sized displays last year whereas sharp had 14% market share and samsung mobile had 11.9 market share
