Electronics Giants Join Forces

Panasonic, Hitachi, and Canon announce tie-up
By Rob Quinn,  Newser Staff
Posted Dec 26, 2007 7:08 AM CST
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)
camera-icon View 3 more images

(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. (Read more Sharp stories.)