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Hitachi, Canon alliance to boost LCD panel production

Posted: 05 Oct 2010     Print Version  Bookmark and Share

Keywords:LCD  panel  flat-panel displays 

Hitachi 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 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. Canon has a 24.9 per cent stake in Hitachi Displays, which develops and churns out small- and medium-sized LCD panels.

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, Hitachi Displays and Canon will continue to produce LCD panels under a new business alliance that will be formed while maintaining their existing capital ties.

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