Philips to take majority share of Hosiden and Philips Display

17 Jun 2002

Philips Electronics NV will increase its shareholding in Hosiden and Philips Display Corporation from 50 to 80 percent. Hosiden and Philips Display Corporation, formed in 1997 as a joint venture between Philips Flat Panel Display Co. B.V. and Hosiden, was established to take advantage of the growing flat panel display market based on active matrix liquid crystal displays. The agreement is expected to create further expansion and new investment and to strengthen aggressive commercialization of the company's research and development capabilities.