Kyocera has reached a definitive agreement with Sony Corp. and its SMD subsidiary to acquire part of its thin-film transistor (TFT) liquid crystal display (LCD) design and manufacturing business.
Kyocera Corp. has reached a definitive agreement with Sony Corp. and its Sony Mobile Display Corp. (SMD) subsidiary to acquire part of its thin-film transistor (TFT) liquid crystal display (LCD) design and manufacturing business. The acquisition will be undertaken through a corporate split, where Kyocera will acquire the TFT-LCD facilities of SMD located in Yasu City, Shiga Prefecture, Japan, effective June 1, 2010. Existing employment contracts will be assigned to Kyocera and employees will be transferred on the same date.
Kyocera's Corporate Thin Film Components Group develops, manufactures and markets small- and medium-sized (under 10.4 in.) LCDs for industrial applications worldwide. The company supplies STN (passive) and TFT (active) LCDs and has capabilities in accommodating specific customer requirements, even in low-volume orders.
Strong growth in demand for more cost-competitive, larger, higher-resolution industrial-use TFT-LCDs is expected to continue. The acquisition of SMD’s TFT-LCD business is intended to strengthen Kyocera's ability to respond to this growth. This acquisition is expected to enable Kyocera to expand its TFT-LCD line with products of even higher added value to meet a wider range of customer needs.
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