Sony reportedly looking to sell its stake in S-LCD
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After eight straight years of losses in its television
division, Sony is reported to be in talks to sell off its stake in S-LCD, a
joint venture between Sony and Samsung. Founded in 2004,
S-LCD supplies LCD panels for mobile phones to Sony, Samsung, and HTC, as well
as producing larger LCD panels for television sets.
Samsung currently owns 50% plus one share of S-LCD, and is
reported to be negotiating to buy out Sony’s portion of the company. This has
widely been seen as part of a strategic restructuring Sony is undertaking in an
attempt to return its television division to profitability. The relationship
has been strained the last few years, as Samsung has soared past Sony in worldwide
shipments of both TVs and smartphones. In 2008 Sony entered into a separate
joint venture with Sharp, in an attempt to leapfrog S-LCD in LCD manufacturing
technology. Sony put that venture on
hold earlier this year, citing ongoing weakness in the global economy.
Sony and Samsung have refused to comment on S-LCD
negotiations, although sources say they hope to conclude the deal before the end of
2011. DigiTimes notes that this may provide an opening for Taiwan LCD panel
manufacturers such as AU Optronics and Chimei Innolux to expand their market
share.
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2 Comments
1. dmn666 posted on 01 Nov 2011, 19:14 0 0
Finally a Good call (if it's true) from moronic Sony management. Getting rid of Ericsson was another one - even though it may turn out even worse thanks to the dolts that run Sony.
