Sony Will Buy LCD Panels From Sharp To Keep Up With Bravia Demand

Demand for LCD TV's is expected to at least double by 2012 to 155 million units, and in anticipation the major display manufacturers are working hard at ramping up production. A source with knowledge of the flat-panel industry has said that Sony will be buying 40 inch LCD panels from Sharp Electronics in order to meet demand for their Bravia sets without making any huge investments in building new manufacturing plants. Sony is expected to begin purchasing from Sharp as early as the beginning of their new fiscal year, coming up in April with first year purchasing projections in the amount of 3-5 million units.

Sharp is currently building the world's largest LCD manufacturing plant, with a projected cost of $3.55 billion, and slated to be fully operational by March 2010.

Via Reuters

Read More in: LCD TV

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