Sony will take a 33% stake in Sharp's $3.5 billion liquid crystal display plant, which is set for completion by March 2010. Japanese flat-screen television makers are forming alliances as they try to secure enough panels while keeping initial investments in check to fight steep price declines. Sharp, which makes Aquos LCD televisions, plans to turn its LCD factory into a joint venture. The JV will also produce LCD modules and LCD driver chips. Global LCD television sales are expected to more than double to 155 million units by 2012, according to the Japan Electronics and Information Technology Association.
Toshiba Corporation and IHI Corportation have denied a Yomiuri newspaper report that...