Canon said it aims to take a majority stake in Tokki, a supplier of flat panel-making equipment, for $69 million or more to speed development of OLED panels.

Canon has been developing OLED panels in a bid to replace liquid crystal display (LCD) panels, which it now procures from outside suppliers for digital camera, camcorder and printer displays. Canon said it may offer small-sized flat TVs using OLED displays in the future, and will use SED for large-sized TVs.

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