Sony and Toyota Industries to integrate LTPS joint ventures

Sony and Toyota Industries recently announced an agreement to integrate management of their ST Liquid Crystal Display (STLCD) and ST Mobile Display (STMD) joint ventures, and establish a new company effective December 1, 2007. STLCD and STMD currently manufacture low-temperature polysilicon thin film transistor liquid crystal displays (LTPS TFT-LCD) panels for mobile products.

Sony and Toyota Industries established STLCD in October 1997. Responding to additional increases in demand, Sony and Toyota Industries established STMD in March 2005 as a second manufacturing base, achieving further business expansion.

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