Dec 25 2007
Hitachi, Canon and Matsushita Reach Basic Agreement on LCD Panel Business
Tokyo, Japan — Dec 25, `07 –BUSINESS WIRE– Hitachi, Canon and Matsushita Electric today reached a basic agreement on a comprehensive alliance aimed at reinforcing and growing the liquid crystal display (LCD) panel businesses and technologies.
Under this alliance, the three companies will merge their strengths to accelerate the development of cutting-edge display technologies and expand their scope of application. Hitachi possesses sophisticated liquid crystal-related technologies, including the world-acclaimed In-Plane Switching (“IPS”) technology that enables outstanding color reproducibility, wide viewing angles and other superior features. Canon, meanwhile, excels in the camera, printer and medical equipment fields while Matsushita commands global leadership in the flat-panel TV field.
Moreover, it has been basically agreed by the three companies that Canon and Matsushita will, by transfer of shares from Hitachi, each acquire 24.9% of the shares of Hitachi Displays, a wholly owned subsidiary of Hitachi engaged in small- and medium-sized LCD panel-related businesses, by March 31, 2008, subject to approvals by regulatory authorities. As a result, Hitachi’s stake in Hitachi Displays is to become 50.2%.
Hitachi will strengthen its competitiveness in the flat-panel LCD TV sector by using state-of-the-art LCD panels to develop the world’s thinnest flat-panel LCD TV and its ultra-thin flat-panel LCD TVs “Wooo UT series.”
Canon aims to accelerate ongoing development of organic light-emitting diode (“OLED”) displays by teaming up with Hitachi, which also boasts advanced display technologies.
Matsushita is expanding and strengthening its mainline PDP operations. It is also deepening its involvement in the businesses of Hitachi Displays, a designer, manufacturer and marketer of IPS liquid crystal panels for large TVs, and of IPS Alpha. The aim is to exploit the outstanding performance and cost advantage of the IPS alpha Panel toward increasing the competitive edge of the VIErA Series of flat-panel TVs in step with PDP models.
As the second stage, the three companies are planning ownership changes that would have Canon, a company with extensive know-how in small- and medium-sized displays from the user side, take a majority holding in Hitachi Displays, and Matsushita, a universally acknowledged leader in the TV sector, take a majority holding in IPS Alpha. More here.





Aving News Network is reporting from CEATEC 2007 - Tokyo, Japan, ” Mitsubishi unveiled its 140-inch indoor full color LED display ‘Resolia’ with 15cm thickness during CEATEC 2007. Mitsubishi affirmed its willingness to hold the large display market, while introducing an installation procedure.”