Panasonic, Sony seek OLED JV with Japan Display
The new company is likley to mostly owned by the Innovation Network Corp of Japan, a government-backed fund that formed Japan Display from loss-making panel businesses at Sony, Hitachi Ltd and Toshiba Corp.
At the ened of 2013 Panasonic and Sony disbanded a joint project to develop OLED displays for TVs but continued separate development efforts regarding the technology.
Japan Display is currently setting up a test line to manufacture OLED panels at a factory in northwestern Japan.
The joint venture is expected to see Sony, Panasonic and Japan Display each owning a portion of the new OLED company and would send engineers to work on the technology.
An agreement is expected to be reached as early as June 2014, but several issues still remain unresolved.
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