“Long-time Japanese rivals Sony Corp. and Panasonic Corp. are working together to develop next-generation TV panels called OLEDs in a reversal of decades of rivalry as they try to catch up with South Korea’s Samsung Electronics,” Yuri Kageyama reports for The Associated Press.
“The companies said in a joint statement Monday they will share core technologies to develop OLED, or organic light-emitting diode, panels,” Kageyama reports. “They are aiming for low-cost mass production by 2013. amsung is planning to start selling TVs with big OLED screens later this year. OLEDs use a different technology than liquid crystal displays and deliver very clear, vivid imagery.”
Kageyama reports, “Fitch Ratings said the Sony-Panasonic tie-up underlined ‘the fall of Japanese tech companies,’ as such a tie-up was previously ‘unthinkable.’ Sony buys liquid-crystal displays from other manufacturers. It ended its joint-venture with Samsung to make LCDs earlier this year as panel prices fell and it became more cost-efficient to buy from other makers… Analysts say the Japanese could also be hit by Apple Inc.’s foray into TVs that may come in a couple of years. Apple has already eroded the profitability of the Japanese electronics makers with its hit iPod, iPhone and iPad devices.”
Read more in the full article here.
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