Kyocera Will Acquire Sony TFT LCD Design And Manufacturing Facility

TFT LCD screens are used in a wide range of products including computers and mobile phones. One of the ways that many large consumer electronics firms seek to control costs is by controlling the factory that builds the screens used in their products.

Kyocera has announced that it will acquire Sony's TFT LCD design and manufacturing facility. Kyocera has announced that it has reached an agreement with Sony Corporation and Sony subsidiary Sony Mobile Display Corporation to acquire part of the TFT LCD business ran by Sony.

Kyocera reports that the acquisition will be carried out via a corporate split with Kyocera getting the TFT facility in Yasu City, Japan. The deal will be effective on June 1, 2010 and employees working in the facility will be transferred to Kyocera on the same day.