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Hitachi, Canon extend LCD panel joint venture

Posted: 04 Oct 2010 ?? ?Print Version ?Bookmark and Share

Keywords:Canon? LCD? panel?

Hitachi and Canon will continue to produce LCD panels through a joint venture company established in 2008.

The two companies announced that they will maintain their existing relationship in the joint venture, Hitachi Displays Ltd, which develops and churns out small- and medium-sized LCD panels. Canon has a 24.9 percent stake in Hitachi Displays.

Canon had announced when the company was formed in 2008 that it plans to eventually turn Hitachi Displays into a subsidiary. Under the latest agreement, a new business alliance will be formed while maintaining their existing capital ties.

Under their latest agreement, Hitachi Displays and Canon will deepen cooperation on high-performance, high-resolution LCD displays for various equipment, such as smartphones and tablet PCs, as well as develop cutting-edge flat-panel displays to keep up with market trends.

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