Lulu opens new store in Al Fakhriyah, Dammam as it further strengthening its presence in Saudi Arabia New Lulu stores are set to open in Makkah and Madinah    Defending the Truth: Saudi Arabia and the 2034 World Cup    Culture minister visits Diriyah Art Futures    Survey: 60% will use Riyadh Metro to go for work or school    Saudi Arabia calls for enhanced international cooperation to address water sector challenges    GCC Preparatory Ministerial Meeting discusses developments in Gaza and Lebanon    Saudi Arabia hosts over 13 million foreign residents from 60 countries, says human rights official    RCRC Chief: Riyadh Metro, featuring environmental sustainability, will improve quality of life and revolutionize transportation    Al Taawoun seals AFC Champions League Two knockout spot with 2-1 win over Al Khaldiya    Israel to appeal against ICC warrants for Netanyahu and Gallant    Trump nominates Keith Kellogg as special envoy for Ukraine and Russia    Missing hiker found alive after more than five weeks in wilderness    Elon Musk publicizes names of government employees he wants to cut    Al-Jasser: Riyadh Metro to accommodate one million passengers daily    Israelis survey damage and mull return to north as ceasefire begins    Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Best-selling novelist Barbara Taylor Bradford dies    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Matsushita, Canon, Hitachi announce tie-up in LCD business
Published in Saudi Press Agency on 25 - 12 - 2007


Matsushita, Hitachi and Canon announced
Tuesday a tie-up in their liquid crystal display
businesses, the latest collaboration in the increasingly
competitive flat-panel industry, reported ap.
The three companies announced the plan in a joint
statement. Officials said a press conference will be held
later in the day.
Their collaboration creates a third major force in the
flat-panel industry in Japan along with the Sony's alliance
with South Korea's Samsung Electronics and the Sharp and
Toshiba team, which was announced last week.
«Under this alliance, the three companies will merge
their strengths to accelerate the development of
cutting-edge display technologies and expand their scope of
application,» the statement said.
The alliance is expected to help Hitachi restructure its
sprawling portfolio of subsidiary companies and enable
Matsushita and Canon to raise their profile in the LCD
sector.
Hitachi Ltd. will reduce its interest in wholly owned
subsidiary Hitachi Displays Ltd. to slightly more than 50
percent. The unit has been posting losses.
The remaining shares will be divided equally between
Matsushita and Canon by March 31, 2008, according to the
statement.
Canon may eventually take over a majority stake in Hitachi
Displays, it said.
Hitachi Displays makes small and mid-sized LCD panels and
the tie-up will allow Canon to procure a steady supply of
monitors for digital cameras.
Canon Inc. also plans to further promote development of
organic light-emitting diode panels, or OLEDs, with
Hitachi, the statement said.
Matsushita said it will increase its involvement in IPS
Alpha Technology, a joint venture between the three
companies and Toshiba.
Press reports said Toshiba, which on Friday signed an
agreement to buy large quantities of LCD panels from Sharp,
is expected to sell its stake to Matsushita Electric
Industrial Co.
Matsushita plans a next-generation plant at IPS Alpha to
ensure a stable supply of LCDs and may use the new plant as
a possible future base for production of OLED displays,
according to the statement.
«I think the three companies have considerable potential
in the OLED business,» said Hideki Watanabe, an analyst
with Shiko Securities. «They have the basic technology.»
However, he questioned Matsushita's plan to get involved
in large-size displays, saying the company is behind
competitors such as Sharp.
Matsushita also said it will expand and strengthen its
mainline plasma display panels operations.
Next-generation technologies like OLED panels, which use
light-emitting diodes based on electroluminescent organic
materials, could help manufacturers boost both prices and
sales, analysts say.
OLEDs are generally still considered too expensive for
commercial products, and opinion is divided in the industry
on which panel technology, if any, will become the standard
for thin TVs. Sony is the only electronics maker that has a
small TV on sale with an OLED screen.
Hitachi shares added 3.85 percent to 836 yen (US$7.33)
after the announcement, while Matsushita stock rose 1.08
percent to 2,325 yen (US$20.38). Canon finished unchanged
at 5,240 yen (US$45.94).


Clic here to read the story from its source.