Samsung Electronics has decided to buy out Sony's complete stake in their liquid crystal display joint venture. In 2004, the joint venture between two companies, when a bang in the global economy saw a heave in require for consumer electronics.
Sony will keep on to get LCD panels from Samsung based on existing market prices, devoid of having to operate a manufacturing capability. According to Keita Wakabayashi an analyst at Mito Securities in Tokyo, “In terms of direction it is positive”. For its part, Samsung said the full ownership of the venture will give it "heightened flexibility, speed and efficiency in both panel production and production operations.
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