Sony, Toshiba, and Hitachi's Japan Display merger begins production
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Japan Display, the merger between Sony, Toshiba, and Hitachi's small and medium-sized touchscreen LCD manufacturing divisions, began operations on April 1st. The relationship between the three companies was announced in August last year, before being formalized in November. Each of the manufacturers has a 10 percent stake in the new firm, with the remaining 70 percent held by the largely government-funded Innovation Network Corporation of Japan (INCJ). Including the 200 billion yen (around $2.4 billion) investment by INCJ, Japan Display currently holds 230 billion yen (just over $2.8 billion) in capital. »read more
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Filed in: MonitorsSonyHitachiToshiba