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Toshiba and Sharp strengthen their positions in LCD-TVs market

31 December 2007

Japanese corporations Toshiba and Sharp have informed about expansion of their cooperation in LCD-business. Presidents of both companies have declared that henceforth Toshiba will buy from Sharp LCD-panels with 32 inches and more diagonal for the TVs. In exchange for it, Sharp will get from Toshiba a lot of integrated circuits for LCD-TVs, informes Associated Press.

Within the framework of the arrangement, by 2010 Sharp should buy about 50 % of the required volume of LSI chips from the partner. Toshiba undertakes to buy from Sharp approximately 40 % of all panels used in manufacture of the TVs. At that the specified numbers can be increased.

In opinion of companies’ representatives, the given step will help to keep the certain positions in the competitive market of LCD-TVs. Atsutoshi Nishida, Toshiba’s president, is sure, that this bargain will be profitable for both sides.


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