Sharp and Sony have reached a basic agreement to form an LCD manufacturing joint venture, in a move that continues a months-long realignment of key players in the LCD panel business.
The two companies aim to conclude a definitive deal by the end of September that will see a new LCD plant already under construction by Sharp taken over by the joint venture. The plant in Sakai in western Japan is being built at a cost of about ¥ 380 billion (US$3.5 billion), and under the joint venture plan Sony will shoulder 34 percent of the cost of the factory.
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