Kyocera will acquire part of Sony Mobile Display’s (SMD) Thin Film Transistor (TFT) Liquid Crystal Display (LCD) design and manufacturing business on 1 June.
According to the company, the acquisition will enable it to “expand its diverse TFT LCD line with products of even higher added value to meet a wider range of customer needs”.
The supplier will acquire the TFT LCD facilities located in Yasu City, Shiga Prefecture, Japan. Existing employment contracts and employees will be assigned to Kyocera.
Kyocera said: “Strong growth in demand for more cost-competitive, larger, higher resolution industrial-use TFT LCDs is expected to continue. The acquisition of SMD’s TFT LCD business is intended to strengthen Kyocera’s ability to respond to this growth.”
The Japanese company supplies electronic components and devices, solar power generating systems, telecommunications equipment, laser printers, copiers, semiconductor packages, cutting tools and industrial ceramics.
During the year ended 31 March, it’s net sales totalled 1.13 trillion yen ($11.5 billion).