Sanyo Epson Imaging Device Corporation: the new LCD manufacturer
SEIKO Epson and Sanyo Electric merged their LCD businesses into the new market player, Sanyo Epson Imaging Device Corporation.
The new company will be formed of the respective divisions of Epson, Sanyo Electric, and Tottori Sanyo Electric (Sanyo LCD R&D) and will focus on creating the manufacture base for producing D-TDF, STN, low-temperature polycrystalline silicon, TFT matrices and displays for mobile handsets, digital cameras, etc. It´s interesting that the usual TFT and EL businesses won´t be merged.
Officially the new company will start working in October 2004. At that, total assets will make ¥360 billion (about $3.27 billion). Epson is expected to own 55% of the merge, and Sanyo Electric will own the remaining 45%.
Source: PC Watch
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