Sony and Sharp are partnering up in the flat-panel TV business, with Sony investing in a Sharp plant for making liquid crystal displays, both sides said in a statement.

Sony’s LCD TV Bravia

Sony Corp. had fallen behind in developing flat panel TVs, and does not make its own liquid crystal displays. It has been buying LCD panels from a joint venture with Samsung Electronics Co. of South Korea.

Sharp’s LCD TV Aquos

With the latest partnership with Sharp, it can hope to ensure a stable panel supply for its TVs.

Demand for slimmer and bigger TVs is growing around the world. Although the televisions use various panel technologies, LCD is the leading technology so far, along with plasma display panels.

Source: msn.ca