Sony, Samsung LCD partnership to end

Sony holds almost 50% stake in S-LCD joint venture

Tags: LCDSamsung CorporationSony Corporation
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Sony, Samsung LCD partnership to end Sony's joint LCD venture with Samsung is coming to an end.
By  Georgina Enzer Published  December 26, 2011

Sony’s joint LCD venture with Samsung is coming to an end after Sony warned in November of a fourth year of losses in its television unit, according to Reuters.

Sony’s television unit is set to lose $2.2 billion on sagging demand and an increasing yen.

A Samsung spokesman told Reuters that the two companies will make an announcement regarding the joint venture on Monday.

Sony holds almost a 50% stake in LCD joint venture S-LCD, established in April 2004 to secure stable supplies of the component.

According to Reuters, shares in Sony were up 1.75% and Samsung Electronics shares traded flat as of 0535 GMT.

Samsung is the world's number one TV maker, while Sony and LG Electronics vie for the number two spot.

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