Epson and SANYO to Merge Liquid Crystal Businesses
Seiko Epson Corporation and SANYO Electric Co., Ltd. have announced that they would merge their liquid crystal businesses to form a new company. The new company will be known as SANYO EPSON IMAGING DEVICES CORPORATION and is planned to begin operations in October 2004. Epson will hold 55% of the joint venture, and SANYO 45%. The new entity will aim to become a leading manufacturer of small and medium-sized LCDs for mobile phones, digital cameras, and for use in automobiles.