Sony, Hitachi, Toshiba join to become JDI

[dacalion]

This should be very interesting in 2012.

Sony, Toshiba and Hitachi officially joined forces today, cementing a government-backed joint venture that's been in the works for a few months, now. Together with the government-funded firm Innovation Network Corporation of Japan (INCJ), the three manufacturers will now form an entity known as Japan Display Inc., slated to launch during the Spring of 2012. INCJ is providing the lion's share of the funding (approximately $2.6 billion), giving it a 70 percent stake in the newly formed venture. The other three, meanwhile, will each control ten percent of the company, which will encompass their respective small-display subsidiaries. The stakeholders are hoping that today's announcement will help revive their sagging display sales, with some extra help from Panasonic, which also announced that it's selling one of its biggest domestic factories to the freshly minted Japan Display, for an unnamed sum.

 

[thedreampolice]

yea, that looks like a very good thing!

 

[Relic]

Interesting!

 

[dacalion]

Undoubtedly, this will be a huge venture but the possibilities behind this are even larger. It appears that this will only effect their small displays initially but thats usually a small step that will lead to much bigger ventures.

 

[UNORTHODOX]

We'll see, seemed kind of "Lets join forces to sell" move. If they can agree, and get along (Remember, this is 3 or 4 company's that have been in competition for decades) and build some momentum and chemistry this could be awesome. Or horrible for prices

 

[Formant024]

You may think Sony brought this on but Hitachi is bigger than toshiba+sony. Imo, its a means for Sony and Toshiba to stop outsourcing on the semiconductor industry and have Hitachi provide just that facility. Hitachi will benefit from Sony's a/v marketing to expand their catalog.