Toshiba Corp. will purchase LCD panels from Sharp for TVs of 32 inches or larger, the presidents of both companies said. In turn, Sharp will buy more computer chips for use in LCDs from Toshiba.
Toshiba President Atsutoshi Nishida said the partnership will create a "win-win relationship," combining the LCDs of Sharp with the strong semiconductors of Toshiba.
Toshiba and Sharp will cooperate on developing TV technology and products, although the details must still be ironed out, said Nishida and Sharp President Mikio Katayama.
Sharp, as a result of the collaboration, will buy about 50% of its system LSI for TVs from Toshiba, and Toshiba will buy about 40% of its LCD panels from Sharp by 2010. (AP)