Sony, Toshiba And Hitachi Teamed-up To Create Japan Display Conglomerate, Production Begun On April 1st


05.04.2012

Sony, Toshiba And Hitachi Teamed-up To Create Japan Display Conglomerate, Production Begun On April 1st

The touchscreen LCD manufacturing division of Sony, Toshiba and Hitachi revealed their collaboration last year, in August. Then in November, they officially formalized their relationship. Well, since April 1st 2012, the three companies began their operations merging into one big firm called Japan Display. Sony, Toshiba and Hitachi were given 30 percent stake in the new company, 10 percent for each individual. The remaining 70 percent belongs to Innovation Network Corporation of Japan (INCJ) which is funded by the Japanese government.

The officials also made the structure of the new company public. It consists of seven divisions, each one of them focusing on various aspects having departments for several branches such as research and development, mobiles business, manufacturing and automotive and industrial displays. Unfortunately, the merge of the three firms did not seem to be such good news for a substantial part of their employees because 1,400 got sacked during fusion, most of them being from the production and support staff.

Shuichi Otsuka, the president of Japan Display said that the firm’s ambitions are very high and they expect to become a world leading display manufacturer. He also stated that it’s very important that the company is Japan-born. The management of Japan Display is flat consisting only of nine people. Also, the operating officers have the duty to double up as directors of certain divisions.

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