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Canon Acquires a Quarter of Hitachi's LCD Business

Hitachi has announced that it has inked a purchase agreement with its former rival company Canon that will lead to a LCD panel business alliance. Hitachi has previously sold an important part of its Display Unit shares to Matsushita Electric Industrial Co. who manufactures LCD TVs under the Panasonic brand.

The agreement between the two companies outlines the fact that Canon will take control of 24.9% of Hitachi Displays, Ltd, that will be transferred to Canon no later than March 31this year... Read »
Created by deep Created 39 weeks 2 days ago – Made popular 39 weeks 2 days ago
Category: Technology
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