Economic difficulties made things more complicated than expected, but Sharp and Sony have finally inked an agreement on a billion dollar joint venture that will see Sony initially taking a 7% stake later this year, rising to 34% by the end of April 2011. The key here is for Sony to get access to the production, while Sharp sees this as just the first of several deals that will allow it to sell half of the 13 million 42-inch TVs produced annually to other manufacturers. The Nikkei says deals with Toshiba and European manufacturers are on the table, so despite what your next TV says on the front, there's a decent chance it originates at the Sakai plant scheduled to open in October.

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Hey Sony -- we know that experiencing your first annual operating loss in 14 years calls for drastic measures, but this is bordering on downright rash. Barely a month after announcing that 16,000 employees would be axed, Sony has now revealed plans to close one of its two television plants in Japan and rid itself of 2,000 domestic full-time jobs as it attempts to "revive its electronics business." Of note, it's stated that those 2,000 -- which seem to be a part of the previously mentioned 16,000 figure -- will be shed via "early retirement and other programs." Just think what a 40-inch XEL-1 would do for business. No, seriously Sony, just think.

[Image courtesy of DigitalWorldTokyo]

LG and Amtran, the manufacturer behind Vizio HDTVs, put pen to paper today on a LCD joint venture in China. Amtran will own 49 percent of the new company and set it up on its existing production base in China, with LG holding the other 51 percent. According to Reuters the plant should be up and running early next year pumping out 5 million LCD TVs a year, but that hasn't improved investor reaction, with shares in both companies falling again. As usual, keep an eye out for quality and not just a nameplate, those Insignia / Vizio / LG on the shelf next year could have a lot more in common than you think.

Ever notice that all the hot-on-OLED firms, um, aren't named Sharp? Yeah, we've seen intentions to plow full speed ahead into OLED development from Panasonic, Sony (obviously), LG and a host of others, yet Sharp seems quite content with rocking the world with its LCDs. During a brief chat with TechRadar, the outfit's Miyuki Nakayama was quoted as saying that "LCD isn't mature yet, [as] there is still a lot to come in the future," specifically noting that LCD resolutions could be jacked to 4K2K. Better still, when pushed to comment on the OLED bandwagon (and more specifically, Sharp's decision to stand aside), he stated that "organic EL screens aren't a threat to LCD and they won't be for at least another decade." The reason? "The screens don't last long and they can't easily be made bigger." In all honesty, we can see Sharp's point -- after all, it makes LCDs for quite a few applications not named HDTV. Still, some pretty bold words, no?

Hey, someone has to take care of Planet Earth's insatiable appetite for LCD, right? Samsung is once again looking to expand its LCD manufacturing operations in China, this time by investing around $500 million to erect a new facility for cranking out the seemingly successful 82-inch panel (among others). Reportedly, the plant will eventually be used to pump out 40-, 46-, 57-, 70- and 82-inch LCD panels in order to "satisfy the robust market requirement," but there's no word given on how soon product will start to ship from its doors.

Talk about a war chest! Coming off the Blu-ray win in the format war, Sony has announced plans to invest more than $100 million in its Terre Haute, IN plant. The facility is used for Blu-ray disc production, and Sony is budgeting for at least 65 more workers, $101 million in new equipment and $7.4 million in property improvements. The plant is mostly staffed by hourly workers, but Sony plans on 15 of those 65 positions to be salaried. The old adage about "spending money to make money" is true, and at this point we're not going to bother with asking whether the money was freed up from the format war or not. All we ask is that the increased Blu-ray disc production capacity helps move titles from the Sony archive to store shelves!

Call us crazy, but we're sensing a trend here. Just months after Samsung announced its intentions to expand an 8G LCD plant and merely hours after Matsushita trumpeted plans to spend $2.8 billion on constructing a new LCD factory of its own in Japan, along comes word that AU Optronics is following suit. This firm, however, is busting out a whopping $9.3 billion in order to erect two facilities "to meet demand for large-sized LCD TVs." Reportedly, one of the buildings will be situated in Taichung, Taiwan, and while it has yet to decide whether it will build 8.5G factories or ones that are even more advanced, we've got all ideas it will have orders lined up from day one, regardless.

[Via Widescreen Review, image courtesy of FTIS]

Syntax-Brillian opened a new 30,000-square foot LCD plant in Nanjing, China on Friday, which is expected to produce 300,000 units anually. The displays will be sold in the Chinese market at five major consumer electronics resellers on the Chinese coast, with additional capacity for the US and Canadian markets. Olevia-branded LCDs from Syntax-Brillian have entered the market fairly well, growing from a relatively unknown brand to the top three in the 25- to 29-inch category, and in the top ten for 35- to 39-inch displays.

No one likes an overachiever...unless that overachiever is Sharp and their apparent fixation is making bigger, cheaper, better Aquos LCD HDTVs, because we like them just fine and want them to keep up the good work. The 1080p Aquos LCDs announced earlier in Japan and the US just aren't well enough left alone, President Katsuhiko Machida sees demand doubling what it is now, by the spring of 2009. They don't know what size panel it will target, depending on what is most needed by the market then, but they won't be caught slipping again.