[http://www.blogcdn.com/www.engadget.com/media/2011/08/8-30-2011sonytoshibahitachi.jpg](http://www.engadget.com/2011/09/01/sony-toshiba-and-hitachi-confirm-plans-for-government-backed-lc/)
We had a pretty clear indication that some official word was [coming soon](http://www.engadget.com/2011/08/30/sony-toshiba-and-hitachi-look-to-join-lcd-manufacturing-forces/), and Sony, Toshiba and Hitachi have now confirmed that they intend to pool their LCD manufacturing efforts and form a new joint venture (expected to be completed by the spring of 2012). That effort is getting a $2.6 billion shot in the arm courtesy of a Japanese government-backed investment fund, which itself will own 70 percent of the new company -- to be dubbed Japan Display -- while Sony, Toshiba and Hitachi will each get a 10 percent share.
Sony, Toshiba and Hitachi confirm plans for government-backed LCD joint venture originally appeared on Engadget on Thu, 01 Sep 2011 00:07:00 EDT. Please see our terms for use of feeds.
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