According to a new report, Japan based tech giant Hitachi Ltd. is pondering over the proposed merger of its small sized LCD (liquid crystal display) panel business with those of Sony and Toshiba.
According to a Wall Street journal report, which was citing some unknown source - presumably someone with inside knowledge of the matter’s proceedings, the proposed merger, when and if implemented, will eventually make the trio the largest manufacturer of key components for tablet devices and Smartphones.
Earlier, it was reported that Innovation Network Corporation of Japan, a government sponsored investment fund had proposed the merger of Sony and Toshiba’s small sized LCD panel businesses, and promised that it would invest in the joint venture by the two companies.
According to the Wall Street Journal source, the negotiation between Toshiba and Sony is yet to go beyond the initial phases. The unknown source also said that while a MoU between both the companies was likely to be signed soon enough, nothing was confirmed regarding “when they would actually reach an agreement”.
A recent study conducted by the research outfit DisplaySearch had claimed that Toshiba, Hitachi and Sony together can capture at least one-fifth of the global market for small sized liquid crystal display panels.