Japan's Sony and South Korean rival Samsung are dissolving their joint venture in liquid crystal display panels.
Sony Corp. said Monday that Samsung Electronics Co. will buy all of Sony's shares in the joint venture.
The joint venture called S-LCD was set up in 2004. Sony invested in a Samsung panel factory to get supplies of panels for its LCD TVs.
Sony does not make its own LCD panels.
Here's some commentary from Steven Callas of the tech website www.thenoisecast.com:
All good things come to an end, and so ends the joint venture between Samsung and Sony known as S-LCD Corporation. Formed in 2004, the Korean company supplied high quality liquid crystal displays for use in Sony and Samsung’s televisions and mobile phones. Other companies, such as HTC, also used S-LCD screens in their devices as well. Now Sony is working out the last details to offload its half of S-LCD Corp’s ownership to Samsung and move on to different sources for their flat panel displays. Sony cited the high costs involved in the joint venture for their decision to pull out, opting to tap cheaper flat panel alternatives from Taiwan and other companies instead.
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