JVC and Funai team up to make LCDs

Japanese consumer electronics makers Victor Company of Japan Ltd (JVC) and Funai Electric Co Ltd will jointly develop and supply LCD television sets, an industry source said on Tuesday.The news pushed up shares of both companies, with Funai rising nearly 8 percent at one point.

Bigger rivals such as Sharp Corp have been forming similar alliances in the LCD business, where competition is intensifying.

JVC will supply LCD TVs made at a plant in Mexico to Funai, which will sell them under its own brand in North America, while JVC will market LCD TVs in Europe produced by a Funai plant in Poland, the source said. (link)

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