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Japan chip makers build LCD venture

Posted: 04 Nov 2004 ?? ?Print Version ?Bookmark and Share

Keywords:toshiba? matsushita electric? hitachi? hitachi displays? tv receivers?

Toshiba Corp., Matsushita Electric Ind. Co. Ltd, Hitachi Ltd, and Hitachi Displays Ltd, a wholly-owned subsidiary of Hitachi, have signed a joint venture agreement that would manufacture and sell LCD panels for flat panel TV receivers. The agreement follows a basic agreement signed in August 31 this year.

The joint venture, to be called IPS Alpha Technology Ltd (IPS Alpha), is scheduled to commence operations on January 1, 2005, and will be located in Mobara, Chiba, Japan. President of Hitachi Displays, Fumiaki Yonai, will serve concurrently as president of IPS Alpha.

IPS Alpha will manufacture LCD panels using Hitachi Displays' in-plane-switching (IPS) mode system, a type of TFT-LCD display technology. IPS is distinguished by a wide 170-degree viewing angle, both horizontally and vertically, along with minimal gray-scale inversion and viewing-angle dependency, reproducing lifelike images, which is made possible because the liquid crystal molecules can rotate while remaining parallel to the substrate when a voltage is applied, yielding perfect orientation of the crystals.

Close collaboration with IPS Alpha is expected to achieve synergies in the production of finished products at Hitachi, Toshiba and Matsushita, allowing them to achieve LCD TV receivers that are even more competitive in terms of performance and price.

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