Wednesday, September 1, 2004
Hitachi, Matsushita, Toshiba to Jointly Make Large LCD Panels
Posted by James Fee in "NEWS" @ 10:00 AM
"Japanese hi-tech giants Hitachi, Matsushita and Toshiba said they will jointly produce large liquid crystal display (LCD) panels to help them compete more effectively in the lucrative flat-screen television market. By January next year, Hitachi Displays Ltd., Hitachi's wholly owned panel subsidiary, Matsushita Electric Industrial Co. Ltd. and Toshiba Corp. will set up a joint venture capitalized at 70 billion yen (642 million dollars). "The objective of this venture is to strengthen our global competitiveness," said Fumiaki Yonai, president of Hitachi Displays, told a news conference. The announcement followed the completion of the world's largest next-generation LCD panel plant in South Korea between Samsung Electronics and Sony Corp last month. "
Why are these guys smiling? Proably because they are now able to blame others for the reason why they were killed Samsung in the LCD market. :roll:
I guess if it lowers their costs, it will probably lower our costs as consumers.
Why are these guys smiling? Proably because they are now able to blame others for the reason why they were killed Samsung in the LCD market. :roll:
I guess if it lowers their costs, it will probably lower our costs as consumers.
