India | UK | US

Matsushita, Canon, Hitachi announce flat-screen partnership

Posted : Tue, 25 Dec 2007 04:38:04 GMT
By : DPA
Category : Business
News Alerts by Email ( click here )
Business News | Home
Tokyo - The Japanese electronic firms Matsushita Electric Industrial Co Ltd, Canon Inc and Hitachi Ltd announced Tuesday that they would cooperate in the production of flat screens. Matsushita, the world's largest manufacturer of plasma televisions, and Canon plan to each buy a 24.9-per-cent stake in Hitachi's flat-screen subsidiary, Hitachi Displays Co Ltd. The sale is to be completed by March 31 and must pass regulatory muster.

The three companies said they plan to work together on producing liquid crystal displays and OLED, or organic light-emitting diode, screens and in developing cutting-edge flat-screen technology.

OLED technology allows the production of flatter screens because, unlike liquid crystal displays, it does not require backlighting.

The three companies' agreement comes as their industry is seeing tough competition in producing flatter screens.

At this time, Hitachi Displays is 100-per-cent owned by Hitachi, produces small and medium-sized liquid crystal displays, and is also working on the development of OLEDs.

Canon said it plans to soon use Hitachi Displays' OLED technology in screens for its digital cameras and other devices while Matsushita plans to produce OLEDs as its next generation of flat-screen televisions.

The three firms face stiff competition from other flat-screen alliances - Japan's Sharp Corp and Toshiba Corp as well as Japan's Sony Corp and South Korea's Samsung Group.

Copyright DPA

Share/Save/Bookmark

Article : Matsushita, Canon, Hitachi announce flat-screen partnership
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News

Piraeus port workers continue strike over Chinese takeover
Athens - Thousands of containers remained stranded on cargo ships at Greece's largest port, Piraeus, on Monday as workers extended by 48 hours a series of strikes in opposition to the takeover of the docks by China's COSCO Pacific. The current strike...

Mixed earnings end in mixed day for Japanese stocks - Summary
Tokyo - Stocks in Tokyo ended mixed for a second-straight trading day as investors bought up shares in companies reporting upbeat earnings forecasts but sold issues with poor earnings and outlooks. Exporters lost ground on a stronger yen. The Nikkei ...

Stronger yen, selective buying create mixed trading in Tokyo
Tokyo - Stock were mixed in Monday morning trading in Tokyo as exporters lost ground on a stronger yen and investors engaged in selective buying. The benchmark Nikkei 225 Stock Average gained 8.4 points, or 0.09 per cent, to trade at 9,797.75. ...

New Zealand economy gets big boost from rising dairy price
Wellington - Soaring international milk powder prices are giving the New Zealand economy a multi-million dollar boost as it struggles out of recession, the country's biggest exporter announced Monday. The Fonterra Co-operative Group, the world's bigg...

Czech premier proposes central bank chief for EU executive
Prague - Czech Prime Minister Jan Fischer proposed Zdenek Tuma, the governor of the Czech National Bank, for a post in the European Commission, the premier's office said Sunday. Fischer has said that he would select the Czech Republic's candidate for...

Myanmar expects to export 1 million tons of rice this fiscal year
Yangon - Myanmar exported 670,000 tons of rice in the fiscal year that ended March 31 despite the devastation wrought by Cyclone Nargis and expected to export up to 1 million tons this fiscal year, media reports said Sunday. The export volume of ric...

Indonesian maids outnumber Filipinos in Hong Kong for first time
Hong Kong - Filipino maids in Hong Kong are outnumbered for the first time by domestic helpers from Indonesia, according to government figures published Sunday. The number of Indonesian maids in the wealthy former British colony is now more than 130,...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More Business News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.