Gadgets and Gizmos

Toshiba, Matsushita and Canon Unite For LCD

Hitachi, Matsushita and Canon will be together in 2008 to manufacture LCD production and other cutting edge technologies including OLED, in an attempt to own the global LCD market which is also inhabited by rivals Samsung and LG.Philips.

Canon will use the partnership to help speed-up development of its LCD-equipped products and develop OLED panels to be used in its future products. Matsushita, according to the release.

The three companies are also planning further ownership changes to follow the initial deal. Hitachi stated Canon would take a majority holding in Hitachi Displays, while Matsushita, which will change its name to Panasonic later this year, will take a majority stake in IPS Alpha.