Sony (SNE), Hitachi (HIT), and Toshiba (TOSBF.PK) are unveiling their previously announced...

|About: Sony Corporation (SNE)|By:, SA News Editor

Sony (SNE), Hitachi (HIT), and Toshiba (TOSBF.PK) are unveiling their previously announced display JV, creatively calling the new company Japan Display Inc. The venture will be operated and 70% owned by a government-backed firm called INCJ. AUO, LPL, and other display makers are hoping the consolidation provided by the JV will help relieve industry price pressures.