Sony chose the Sharp LCD panels for its TVs

Apparently, negotiations between Sony and Sharp on the establishment of a joint venture to produce LCD panels coming to an end. According to the newspaper The Nikkei, which is considered the mouthpiece of the business community in the country of the Rising Sun, by the end of this month, the two companies will conclude an agreement under which Sony will invest about U.S. $ 1.1 billion in new venture for the production of LCD Sharp in Sakai (Sakai) to the west Japan. According to preliminary data, its share in this joint venture will be 34 percent. Although the two companies reached a preliminary agreement at the beginning of the year, a formal agreement on this issue will be signed until next week.

According to recent reports, Sony may invest in the joint venture of 50-60 billion yen at once, but then the total investment could reach $ 100 billion yen or more.

Its no secret that the Sharp is one of the largest manufacturers of LCD panels in the world, and its products are of high quality manufacturing and superior performance. Apparently, Sony has high hopes for this Sharp, and not on the Samsung, although at one time the Japanese and South Koreans, too, have formed a joint venture to produce LCD panels.