As Japanese electronics makers step up restructuring in their efforts to bounce back from massive losses in the business year that ended in March, they are seeking to team up with others to continue their television businesses.
The nation's three top TV manufacturers — Sharp Corp., Sony Corp. and Panasonic Corp. — are exploring ways to remain in the market, now led by South Korean firms, despite seeing their money-losing TV operations drag down their earnings last year.
After Sharp announced in March that it will form a capital and business alliance with Taiwan's Hon Hai Precision Industry Co., Sony and Panasonic were found to be in talks to jointly develop a new generation of organic electroluminescent TV displays with an eye to commercializing the technology in 2015.