Sharp, Sony to Establish Subsidiary for LCD Modules, Panels

Sharp has been negotiating with Sony Corp to enter a joint venture agreement for the establishment of a JV company to produce and sell large-sized LCD panels and LCD modules using what is claimed is the world’s first 10th-generation mother glass substrate.

Named Sharp Display Products Corp, the new LCD panel factory is now under construction by Sharp in Sakai, Osaka, Japan, and Sharp will establish a wholly owned subsidiary of Sharp to be the nucleus of the JV company.

Sharp is investing ¥100 million and will own the subsidiary, which will be established on April 1, 2009.