On February 27 a formal contract between Canon and Hitachi was announced. Based on the agreement, Canon will acquire 24.9% shares of Hitachi Displays, which is a wholly-owned subsidiary of Hitachi. Hitachi Displays manufacture small/medium LCD panels. The 24.9% equity acquisition will be completed by March 31, 2008 and will be valued around JPY43.2B. Canon [...]

On September 14, Sony, Sharp and Hitachi Displays announced a joint technology study aimed at reducing LCD TV power consumption. The three companies are targeting 2011 to develop technology that will reduce power consumption to less than 50% of current levels. One current effort that has been undergoing in the notebook market has been the transition from CCFL backlights to [...]