Electronic manufacturing giants Sony and Panasonic have agreed to join forces to manufacture panels for TVs and large-sized displays.
The two firms said they would start mass production of organic light emitting diode (OLED) panels from 2013.
The OLED panels are widely expected to eventually replace liquid-crystal displays (LCD) screens.
Both firms have seen downturn in their TV businesses in recent years, leading to huge losses.
Sony said in statement that the two companies would work towards producing OLED panels at a low cost by "integrating their unique technologies".
Source & Image : BBC
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