Sony tying up with Sharp in TV displays

Written by Associated Press | Tokyo, February 26: | Updated: Feb 26 2008, 15:24pm hrs
Falling behind rivals in flat-panel development for TVs, Sony is tying up with Japanese rival Sharp in procuring liquid crystal displays, a company official said Tuesday.

Japan's business daily The Nikkei reported in its Tuesday editions Sony Corp. plans to invest 100 billion yen (US$926 million; euro625 million) in a plant Sharp Corp. is building to make panels for flat TVs.

A Sony official, speaking on customary condition of anonymity, said a news conference will be held later in the day in Tokyo to give details, but would not elaborate.

Demand for slimmer TVs is growing around the world. Although the televisions use various panel technologies, LCD is the leading technology so far along with plasma display panels.

Sony does not make its own LCD or plasma display panels. It has been procuring LCD panels from Samsung Electronics Co. of South Korea in a joint venture.