Sony to Buy LCD Factory from Japan Display

Sony to Buy LCD Factory from Japan Display
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Sony agreed to buy an LCD panel production facility from Japan Display (JDI). It will focus on display technology design and prototyping, as the Japanese tech giant moves to boost its competitiveness and profitability.

JDI noted the sale of its Higashiura fab will close on 1 April 2024, with production at the facility ending recently. In a statement, JDI added it will convert part of the plant into an engineering center in April. It has an existing lease agreement with Sony for use of some of the facilities. Based on a new lease and outsourcing agreements, JDI plans to record revenue from Sony.

With trade tension with China rising and global supply chains disrupted, Sony has stepped up moves to transfer some production out of the nation. Together with TSMC, Sony is building a chip facility in Japan which is expected to start production in 2024.