Toshiba, Sharp form LCD pact amid industry shake-up
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Japanese electronics conglomerate Toshiba said it will buy large liquid crystal displays from Sharp as part of an alliance likely to help spark a realignment of the flat panel TV industry. Under the pact, Toshiba will procure liquid crystal display (LCD) panels from a 380 billion yen ($3.4 billion) factory being built by Sharp in western Japan, and then use them in LCD TVs larger than 32 inches to be sold under its own brand.
Toshiba, which currently procures panels from IPS Alpha and LG. Philips, said it aimed to meet 40 percent of its demand for LCD modules in the business year starting April 2010 with supplies from Sharp. At the same time, Sharp hopes to satisfy 50 percent of its total demand for system LSI semiconductors from Toshiba.
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