As we reported back in June, Sony, Toshiba and Hitachi have signed an agreement to establish a new small/medium display business - with aims to be the world's largest producer of touch LCD displays. The new company will invest in advanced R&D, focusing on next-generation technologies, including high resolution and thin OLEDs. 

Sony hybrid printed OLED prototype

Japan's government fund Innovation Network Corporation (INCJ) will invest around ¥200 billion (around $2.5 billion) in the new company and will own 70% of the shares. The rest will be split evenly between Sony, Toshiba and Hitachi, who will transfer all their related technology and their shares in their small/medium display subsidiaries.

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