Canon, Hitachi, Matsushita intends to display 24.9% shares of each made before the end of March next year, a formal alliance with Hitachi

Panasonic (Matsushita ELectric), Canon, Hitachi (Hitachi) 25, 12:00 (local time) issued a press release announced that Matsushita, Canon scheduled before the end of March 2008 were invested in Hitachi display (Hitachi Displays) 24.9% of the shares, the shareholding ratio of Hitachi will be reduced to 50.2%. The press release pointed out that further cooperation in the future, will contribute to Canon, Matsushita respectively won more than 5 shares into the Hitachi display, IPS Alpha.

The Nikkei News reported on 25, Matsushita, Canon, Hitachi has 24 a thin panel related basic cooperation agreement, Matsushita, Canon to this year (as of the end of March 2008) funded Hitachi monitor. Reported that the president of the 3 companies are scheduled to be held in Tokyo in a press conference on the issue of cooperation in 25.

Reported that Hitachi's fully funded Hitachi display subsidiary is engaged in small and medium size LCD panel OLED panel manufacturing and research and development, Hitachi intends to maintain more than 50% of the shares, the rest by Matsushita, Canon were financed the acquisition, investment has not been determined. After the investment, the 3 companies will conduct a joint research and development of high quality OLED panel production, Canon intends to use it as a digital camera and other small monitors, Panasonic plans to manufacture OLED tv.

Foreign reports on the 19, Matsushita, Canon, Hitachi intends to cooperate together OLED and LCD panel business, has entered the final stage of the discussion. Reported that the first Canon, Matsushita invested on Hitachi's board following company, jointly engaged in OLED research and development and other undertakings; Matsushita also ready to IPS into its Alpha, and spend about 300 billion yen to set up a new factory.

IPS Alpha by Hitachi, Matsushita and Toshiba (Toshiba) LCD panel business and other Japanese manufacturers to set up a joint venture, the shareholding ratio was 50%, 30% and 15%.

Source: Lean news