Japanese manufacturers merging LCD production divisions to remain competitive
Japanese LCD manufacturers are facing tough competition right now from Samsung (Korea) and LG / Chimei Innolux Corporation (Taiwan) etc to keep competitive prices for their LCDs. Thus they have decided to merge their production center to remain competitive. Only the LCD manufacturing division will be merged together to produce LCDs for all 3 Japanese companies; for both their TVs as well as for smartphones / tablets. The jointly-owned company is now called: Japan Display K. K.
ight now, Sharp Corp is biggest individual production company of LCDs by producing 15% of total market requirement, and Samsung and Chimei sharing second place at 12% each. The number of LCD units in production by Sony, Sharp and Hitachi were individually not competitive enough to get the companies good profit. But now, Japan Display K.K. will jump up to become the largest maker of small to medium-sized LCD displays by having a combined market share of 22%.