lcd panel venture in stock

TOKYO (MarketWatch) -- Sony Corp. (6758.TO) said Thursday it will pull out of its liquid crystal display joint venture with Sharp Corp. (6753.TO) by selling its entire stake in Sharp Display Products Corp., less than three years after its state-of-the-art factory opened.

Separately, Sharp said SDP will merge its business operations with the LCD color filter businesses of two Japanese partners--Toppan Printing Co. (7911.TO) and Dai Nippon Printing Co. (7912.TO) in what will bring Sharp"s stake in the LCD business down to the same percentage as Taiwan"s Hon Hai Precision Industry Co. (2317.TW).

In return for selling the stock in the joint venture, whose Sakai factory in western Japan only opened in October 2009, Sony will receive Y10 billion--the same amount it spent at the time of the initial investment. The payment is due by the end of June.

The Nikkei reported that Sharp will provide advanced technology for producing liquid-crystal display panels to Hon Hai for the latter"s new plant in China, kicking off joint business operations between the two companies in line with their recent capital alliance.

In March, Sharp said it sold a 10% stake to Hon Hai and its affiliate companies, collectively known as Foxconn, in exchange for about $800 million in cash to help shore up its core business of LCD panels for televisions--an operation largely responsible for the multibillion-dollar losses Sharp expects to post this fiscal year.

In a separate statement, Sharp said its liquid crystal display panel joint venture with Sony Corp. (6758.TO), which operates a state-of-art LCD panel factory in Sakai, western Japan, will integrate business operations with the LCD color filter units of two Japanese partners--Toppan Printing Co. (7911.TO) and Dai Nippon Printing Co. (7912.TO).

As part of the integration, Sharp"s unit, Sharp Display Product, will issue new shares to Toppan and Dai Nippon. The monetary value of the new shares hasn"t been determined, nor has the percentage Toppan and Dai Nippon will hold in the LCD joint venture, which has been struggling with large inventories.

After taking into account share dilution, Sharp"s stake in the LCD joint venture in terms of voting rights will decline to less than 40%, the same ratio as that of Taiwan"s Hon Hai Precision Industry Co. (2317.TW).

TOKYO/SEOUL (Reuters) - Sony Corp has agreed to sell its nearly 50 percent stake in an LCD joint venture with Samsung Electronics to the South Korean company for $940 million, as it struggles to reduce huge losses at its TV business.

The seven-year-old venture cut its capital by 15 percent in July and industry sources had said Sony was negotiating an exit, aiming to switch to cheaper outsourcing for flat screens for its TVs while Samsung pushes ahead with next-generation displays.

In November, Sony, the world’s third largest flat panel TV maker, warned of a fourth straight year of net losses for the financial year to next March, with its TV unit alone set to lose $2.2 billion on tumbling demand and a surging yen.

Some analysts say the $100 billion LCD TV market peaked last year and forecast it will shrink 3 to 4 percent annually, as consumers in advanced countries have already traded in their bulky cathode-ray tube TV sets for flat screens, while the LCD market has been in a glut since last summer.

In November, Sony cut its TV unit sales forecast for the second time this year and dropped a plan to boost its TV sales to 40 million sets a year in the fiscal year ending March 2013, effectively conceding defeat to Samsung, the world’s largest flat-panel TV maker.

Sony said in April it would not raise its stake in a separate LCD venture with Sharp Corp for at least a year, and in August said it would merge its loss-making small-panel business with the government-backed Japan Display.

In October, it signaled a stepped-up push into the smartphone market by announcing it would take control of its mobile phone joint venture with Ericsson for $1.5 billion.

Oct 22 (Reuters) - Specialty glass maker Corning Inc said it would buy out Samsung Electronics Co Ltd’s stake in their LCD panel joint venture, resulting in the South Korean company taking a 7.4 percent shareholding in Corning.

Flat-panel displays are thin panels of glass or plastic used for electronically displaying text, images, or video. Liquid crystal displays (LCD), OLED (organic light emitting diode) and microLED displays are not quite the same; since LCD uses a liquid crystal that reacts to an electric current blocking light or allowing it to pass through the panel, whereas OLED/microLED displays consist of electroluminescent organic/inorganic materials that generate light when a current is passed through the material. LCD, OLED and microLED displays are driven using LTPS, IGZO, LTPO, and A-Si TFT transistor technologies as their backplane using ITO to supply current to the transistors and in turn to the liquid crystal or electroluminescent material. Segment and passive OLED and LCD displays do not use a backplane but use indium tin oxide (ITO), a transparent conductive material, to pass current to the electroluminescent material or liquid crystal. In LCDs, there is an even layer of liquid crystal throughout the panel whereas an OLED display has the electroluminescent material only where it is meant to light up. OLEDs, LCDs and microLEDs can be made flexible and transparent, but LCDs require a backlight because they cannot emit light on their own like OLEDs and microLEDs.

Liquid-crystal display (or LCD) is a thin, flat panel used for electronically displaying information such as text, images, and moving pictures. They are usually made of glass but they can also be made out of plastic. Some manufacturers make transparent LCD panels and special sequential color segment LCDs that have higher than usual refresh rates and an RGB backlight. The backlight is synchronized with the display so that the colors will show up as needed. The list of LCD manufacturers:

Organic light emitting diode (or OLED displays) is a thin, flat panel made of glass or plastic used for electronically displaying information such as text, images, and moving pictures. OLED panels can also take the shape of a light panel, where red, green and blue light emitting materials are stacked to create a white light panel. OLED displays can also be made transparent and/or flexible and these transparent panels are available on the market and are widely used in smartphones with under-display optical fingerprint sensors. LCD and OLED displays are available in different shapes, the most prominent of which is a circular display, which is used in smartwatches. The list of OLED display manufacturers:

MicroLED displays is an emerging flat-panel display technology consisting of arrays of microscopic LEDs forming the individual pixel elements. Like OLED, microLED offers infinite contrast ratio, but unlike OLED, microLED is immune to screen burn-in, and consumes less power while having higher light output, as it uses LEDs instead of organic electroluminescent materials, The list of MicroLED display manufacturers:

LCDs are made in a glass substrate. For OLED, the substrate can also be plastic. The size of the substrates are specified in generations, with each generation using a larger substrate. For example, a 4th generation substrate is larger in size than a 3rd generation substrate. A larger substrate allows for more panels to be cut from a single substrate, or for larger panels to be made, akin to increasing wafer sizes in the semiconductor industry.

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(Reuters) - Corning Inc said it would buy out Samsung Electronics Co Ltd"s stake in their LCD panel joint venture in a deal that could result in the South Korean company taking a 7.4 percent share in the Gorilla Glass maker.

The deal includes a new LCD display glass supply agreement between Corning and Samsung running through 2023 that will add about $2 billion to Corning"s annual sales.

Corning will also pay about $300 million to buy out minority shareholders in the joint venture, which makes active matrix LCD glass used in television sets, notebook computers, desktop monitors, digital cameras and mobile phones.

Our company specializes in developing solutions that arerenowned across the globe and meet expectations of the most demanding customers. Orient Display can boast incredibly fast order processing - usually it takes us only 4-5 weeks to produce LCD panels and we do our best to deliver your custom display modules, touch screens or TFT and IPS LCD displays within 5-8 weeks. Thanks to being in the business for such a noteworthy period of time, experts working at our display store have gained valuable experience in the automotive, appliances, industrial, marine, medical and consumer electronics industries. We’ve been able to create top-notch, specialized factories that allow us to manufacture quality custom display solutions at attractive prices. Our products comply with standards such as ISO 9001, ISO 14001, QC 080000, ISO/TS 16949 and PPM Process Control. All of this makes us the finest display manufacturer in the market.

Our company specializes in developing solutions that arerenowned across the globe and meet expectations of the most demanding customers. Orient Display can boast incredibly fast order processing - usually it takes us only 4-5 weeks to produce LCD panels and we do our best to deliver your custom display modules, touch screens or TFT and IPS LCD displays within 5-8 weeks. Thanks to being in the business for such a noteworthy period of time, experts working at our display store have gained valuable experience in the automotive, appliances, industrial, marine, medical and consumer electronics industries. We’ve been able to create top-notch, specialized factories that allow us to manufacture quality custom display solutions at attractive prices. Our products comply with standards such as ISO 9001, ISO 14001, QC 080000, ISO/TS 16949 and PPM Process Control. All of this makes us the finest display manufacturer in the market.

LG.Philips LCD, a manufacturer of large LCD panels, on Monday disclosed terms of a planned global initial public offering that could raise $1.6 billion.

The company, which is a joint venture between LG Electronics and Koninklijke Philips Electronics, said the global offering, including South Korea, will amount to 43.9 million shares.

LG.Philips LCD was formed in September 1999 as a joint venture between LG Electronics and Philips Electronics, which each currently own 50 percent, or 145 million shares, of the company"s common stock.

The company is the largest merchant supplier of large TFT-LCD panels, selling 20.9 million panels in 2003, according to the SEC filing. In 2003, LG.Philips reported $5.3 billion in revenues and $878 million in net income.

TOKYO, Japan — April 1, 2009--Toshiba Corporation (TSE:6502, "Toshiba") and Panasonic Corporation (NYSE: PC/ TSE: 6752, "Panasonic") announced that today the two companies have signed a share transfer agreement under which Toshiba will acquire all of Panasonic"s shares in Toshiba Matsushita Display Technology Co., Ltd. (TMD), a joint venture that develops, manufactures and sells liquid crystal displays (LCDs) and organic light emitting displays (OLEDs). The share transfer is scheduled to take place on April 28.

Established in 2002, TMD is an industry leader in small- and medium-sized LCDs for application in such products as mobile phones, portable PCs and in-vehicle displays. However, the company is now facing a very tough business environment: weak demand that is sharply down from last year, and continuous price erosion in small- and medium-sized LCD panels. In these circumstances, and as part of the Action Programs to improve profitability announced by Toshiba this January, TMD is now implementing restructuring initiatives in its LCD business, including closing certain manufacturing lines.

Shares of Corning (NYSE:GLW) cruised 25% higher Tuesday evening after the maker of Gorilla Glass reached a deal to take full ownership of a joint venture with Samsung Display that manufactures LCD glass in Korea.

In exchange, Samsung Display, which currently has a 43% stake in the venture, will get preferred shares of Corning with an aggregate face amount of $1.9 billion. Samsung will also make an additional $400 million investment in the company by subscribing to new convertible preferred shares, which have a price of $20 a share and an annual coupon of 4.25%.

The companies also announced a new long-term LCD display glass supply agreement between Corning and Samsung Display through 2023 and a stronger collaboration on product development and commercialization initiatives.

Tokyo-AP reported today that Sony(SNE) is in talks with Samsungto expand the firms" joint venture (S-LCD Corp.) in LCD panel production in order to meet rising demand. In Sony"s 3rd quarter ("05) earnings release today Sony credited strong LCD TV sales as one of the main reasons for its surprisingly strong quarter. The talks between Sony and Samsung are said to be over building a second plant that would cost about 300 billion yen (US$2.6 billion at today"s exchange rate of Y115.8/US$1). Sony and Samsung are two electronics giants that have been moving in opposite directions with the former struggling and now in the midst of restructuring and the latter surging and now with a market cap more than twice Sony"s. I have been doubtful of Sony and even questioned the JV with Samsung. However, it now appears Sony made a wise decision in teaming up with its rival in LCD panel production.