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Sony to establish ST Mobile Display Corporation
Dennis Hissink : April 1st 2005 - 02:00 CET
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 Sony to establish ST Mobile Display Corporation : Sony Corporation establish ST Mobile Display Corporation (STMD). This follows Sony's purchase of the LCD panel manufacturing business previously owned by International Display Technology (IDTech). The new company will produce low-temperature polysilicon thin film transistor liquid crystal displays (LTPS-TFT-LCD) panels for mobile products. LTPS-TFT-LCD panels are used in various mobile products such as video cameras, digital still cameras and mobile telephones. Following ST Liquid Crystal Display Corp (STLCD), a joint venture between Sony and Toyota Industries Corporation, Sony will position STMD as the 2nd manufacturing base of LTPS-TFT-LCD panel for mobile products.
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 ST Mobile Display Corporation - STMD
It will address customer's various needs through the technological cooperation of STMD and STLCD. The company will inherit production equipment, facilities, and personnel from IDTech's plant in Yasu-shi, Shiga prefecture in Japan. Sony will invest approx. 27 billion yen on equipment and facility modification and this will enable STMD to have a production capacity of 25,000 units/month (550x650mm circuit board base). The mass production of LTPS-TFT-LCD panels is scheduled to start from April 2006.
ST Mobile Display Corporation - Sony and Toyota
Furthermore, it has also been decided that Toyota Industries Corporation will be investing 20% of STMD's capital. Executive Deputy President and COO of Sony Corporation, Dr. Ryoji Chubachi stated: "I am delighted that we have completed the purchase agreement and the establishment of the LCD display panel plant previously owned by IDTech on schedule. Together with Toyota Industries Corporation, Sony will fully utilize both STLCD and STMD to create superb quality LTPS-TFT-LCD panels for mobile products that meet customers' needs."
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