Sony leaves LCD joint venture to Samsung

Sony Make.Believe Logo

Samsung Electronics will pay Sony $934 million for full ownership of S-LCD, the panel manufacturing joint venture the two companies started in 2004.

Samsung will turn the Korean-based LCD manufacturer into a fully-owned subsidiary. It will continue to provide panels for Sony.

The move comes as Sony is reportedly facing significant losses in its TV business.

Sony’s announcement is here.

 

About Paul Worthington

Paul Worthington is a journalist and consumer imaging consultant. He produces the annual Future Imaging Summit at PMA@CES, and writes for PMA Newsline and PMA Magazine, as well as other publications.