||This article appears to be written like an advertisement. (January 2013)|
|Founded||1 April 2012|
|Headquarters||Landic Shinbashi Building 2, 3-7-1, Nishi-shinbashi, Minato, Tokyo, 105-0003, Japan,|
|Key people||Shuichi Otsuka (President and CEO)|
|Products||Displays Development, production and sale of small- and medium-sized Displays devices and related products|
On November 15, 2011, Sony, Hitachi, and Toshiba agreed to the integration of their small and medium size liquid crystal display (LCD) panel businesses in conjunction with the Innovation Network Corporation of Japan (INCJ). The merged businesses will be known as Japan Display. INCJ will be the largest shareholder of Japan Display Inc., with 70% stake in exchange for a $2.6 billion investment. That leaves Toshiba, Hitachi and Sony with a 10% share each, the stakes originating from their respective small and medium-sized display subsidiaries. The new entity is expected to start operating in the spring of 2012 and expected to be the world's largest LCD maker.
JDI will focus on small- and medium-sized displays for a range of applications from mobile devices and other consumer products to automotive electronics and industrial equipment. JDI aims to establish distribution companies in the U.S., Europe, South Korea, China and Taiwan, so that through close communication with customers it can provide products that will fully satisfy their needs. JDI will also actively conduct research and development into next-generation panel technology such as OLED displays.
Panasonic has also announced in a separate deal that it has agreed to sell a LCD panel factory to Japan Display. That plant, which is located in Mobara, currently turns out 600,000 LCD TVs a month. Japan Display is expected to take over it in April next year. The factory sale will be completed in April 2012.