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Sony Gets Second Manufacturing Base of Low-Temperature Polysilicon TFT LCD Display Panel for Mobile-Products

Sony Corporation and Chi Mei Optoelectronics have agreed on the basic terms of a transaction whereby Sony will acquire CMO' s wholly-owned Japanese subsidiary, International Display Technology. Sony and CMO have agreed that Sony will purchase all the shares of a new company spun-off from IDTech. Sony plans to produce low-temperature polysilicon thin film transistor liquid crystal (LTPS-TFT-LCD) display panels in the new company. The acquisition price has been set at approximately 18.5 Billion Japanese Yen for all the shares of the new company and includes purchase of all of the production equipment, facilities, and personnel at IDTech's plant in Yasu-shi, Shiga prefecture, Japan.