Philips ups LCD equity

Philips ups LCD equity
David Manners Philips has invested a further $175m in the Japanese flat panel display manufacturer Hosiden increasing its equity interest in the company to 80 per cent. Philips originally bought into the cash-strapped LCD manufacturer last year when it set up a 50:50 joint venture in Japan making active matrix LCDs. Philips is adopting Hosiden’s amorphous silicon active matrix LCD technology in its manufacturing subsidiary – the Flat Panel Display Company – in Eindhoven. Accordingly, it is phasing out the production of panels based on Philips’ proprietary thin film diode plus reset LCD technology.


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