Electronics Giants Join Forces

Hitachi, Canon, and Panasonic have announced plans to work to together in moving flat-panel display technology forward, PC World reports. Competition is heating up in the industry, and the companies hope the alliance will accelerate development time. The firms will work together on LCD displays and organic light emitting diode displays, which some think could replace LCD.

With firms all striving to bring out the latest cutting-edge technology, and new LCD plants easily costing over a billion dollars, electronics companies are increasingly turning to co-operation. Toshiba and Sharp announced their plans to join forces in the flat-panel display business last week, and Sony and Samsung have been collaborating for some time. (More Sharp stories.)