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THURSDAY, NOVEMBER 26, 2009
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Electronics Giants Join Forces

Panasonic, Hitachi, and Canon announce tie-up

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(Newser) – Hitachi, Canon, and Panasonic have announced plans to work to together in moving flat-panel display technology forward, PC World reports. Competition is heating up in the industry, and the companies hope the alliance will accelerate development time. The firms will work together on LCD displays and organic light emitting diode displays, which some think could replace LCD.

With firms all striving to bring out the latest cutting-edge technology, and new LCD plants easily costing over a billion dollars, electronics companies are increasingly turning to co-operation. Toshiba and Sharp announced their plans to join forces in the flat-panel display business last week, and Sony and Samsung have been collaborating for some time.

Matsushita Electric Industrial Co. Ltd. President Fumio Ohtsubo, right, Hitachi Ltd. President Kazuo Furukawa, center, and Canon Inc. President and Chief Executive Tsuneji Uchida laugh during their joint press conference in Tokyo Tuesday, Dec. 25, 2007. Matsushita, Hitachi and Canon announced Tuesday a tie-up in their liquid crystal display businesses,...
Matsushita Electric Industrial Co. Ltd. President Fumio Ohtsubo, right, Hitachi Ltd. President Kazuo Furukawa, center, and Canon Inc. President and Chief Executive Tsuneji Uchida laugh during their joint...   (Associated Press)
Matsushita Electric Industrial Co. Ltd. President Fumio Ohtsubo, right, Hitachi Ltd. President Kazuo Furukawa, center, and Canon Inc. President and Chief Executive Tsuneji Uchida smile as they shake hands at their joint press conference in Tokyo Tuesday, Dec. 25, 2007. Matsushita, Hitachi and Canon announced Tuesday a tie-up in their...
Matsushita Electric Industrial Co. Ltd. President Fumio Ohtsubo, right, Hitachi Ltd. President Kazuo Furukawa, center, and Canon Inc. President and Chief Executive Tsuneji Uchida smile as they shake hands...   (Associated Press)
Toshiba Corp. President and CEO Atsutoshi Nishida arrives at the conference room before a joint news conference with Sharp Corp. President and COO Mikio Katayama at a Tokyo hotel, Friday, Dec. 21, 2007. Japanese electronics rivals Toshiba and Sharp are tying up in the liquid crystal display business, company officials...
Toshiba Corp. President and CEO Atsutoshi Nishida arrives at the conference room before a joint news conference with Sharp Corp. President and COO Mikio Katayama at a Tokyo hotel, Friday, Dec. 21, 2007....   (Associated Press)
A model holds a glass panel encasing a 29 millimeter (1.1 inches) thick prototype TV that Japanese electronics maker Sharp Corp. unveiled in Tokyo. Sharp has announced plans to join forces with Hitachi and Canon to bring display technology forward. (AP Photo/Koji Sasahara)
A model holds a glass panel encasing a 29 millimeter (1.1 inches) thick prototype TV that Japanese electronics maker Sharp Corp. unveiled in Tokyo. Sharp has announced plans to join forces with Hitachi...   (Associated Press)
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