Hitachi, Canon, Panasonic cooperated to produce LCD

On December 25, Hitachi, Canon and Panasonic officially announced a cooperation agreement to research and develop flat screen products.

The move is the answer of Hitachi, Canon and Panasonic to similar alliances between Toshiba and Sharp, which were officially launched last week. Analysts identify these moves strategic changes that better meet the requirements of a relatively fast growing market.

Specifically, the agreement above each company - Canon and Panasonic - will buy 24.9% of the shares of Hitachi flat screen product unit. Currently, the merger case file has been submitted to the competent authorities for approval. It is expected that all procedures will be completed before March 31, 2008.

Competitive pressure and investment in new high-efficiency production technologies help maintain low selling prices as well as quality imaging technology in the current flat panel market. paralysis. Hitachi expects the alliance to help accelerate the process of research and development of advanced LCD technologies to maintain the market competitiveness.

Meanwhile, Canon hopes the alliance will help shorten product development time and create a stable supply of LCD screens for its famous digital camera line. In addition, the company hopes the alliance will help develop a new type of screen specifically for its information management product line.

In addition to the LCD production alliance, Canon and Hitachi also plan to develop OLED organic screen production.

So far, the LCD market has seen many LCD manufacturing alliances such as the alliance between Toshiba and Sharp, the Sony and Samsung alliances and now the alliances Hitachi, Canon and Pananosonic.

Hoang Dung