According to a new revelation, a Japanese investment fund backed by the government of Japan has come up with a new proposal asking Sony Corp. and Toshiba to make a joint venture in the small-size LCD (liquid crystal display) business.
The revelation was made by an unknown source, presumably someone from inside the investment fund, and familiar with the matter.
If the proposed joining-hands is truly implemented, it is quite likely that the joint venture will eventually prove to be the largest Smartphone and tablet component manufacturer in the world.
The market for small size LCD panels has been under massive growth lately, and according to the industry experts, it is an area which the Japanese electronics makers should exploit thoughtfully, thus establishing themselves as the global leaders in the process.
A latest research conducted by the firm DisplaySearch revealed that Japan based Sharp Corp. secured the top spot in the global market of smaller LCD panel market with almost 14.8% global shares.
Sharp Corp. was closely followed by the Korean Samsung Electronics Co. and Taiwan’s Chimei Innolux with 11.9% and 11.7% market shares respectively.
Adding more to the speculations, a report by the Nikkei published earlier in the day claimed that the negotiations between Toshiba and Sony are already in final stages.