Sharp an­nounces al­liance with China Elec­tron­ics Corp

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Sharp Corp. an­nounced that the com­pany’s board of di­rec­tors passed a res­o­lu­tion to en­ter into a busi­ness al­liance with China Elec­tron­ics Cor­po­ra­tion (CEC), re­gard­ing LCD panels. Sharp and CEC had pre­vi­ously co­op­er­ated to pro­duce 6th gen­er­a­tion LCD panels at CEC-Panda LCD Tech­nol­ogy Co. in Nan­jing City in May 2011. The cur­rent al­liance in­cludes pro­vid­ing high-def­i­ni­tion TFT-LCD panels and mod­ule tech­nol­ogy to CEC, as well as joint op­er­a­tion of a plant for the pro­duc­tion of 8.5th gen­er­a­tion LCD panels and mod­ules. The new joint ven­ture, called Nan­jing CED-PANDA LCD Tech­nol­ogy Co., will be in­cor­po­rated in March 2014, and start op­er­at­ing in June 2015.

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