High demand prompts Sony to soon seek additional sources of LCDs for TVs, report says.
Sony Corp is planning to start buying TV-use liquid crystal display (LCD) panels from Sharp Corp as early as in the next business year that begins in April, a source close to the matter said on Saturday.
Sony currently runs an LCD panel joint venture with Samsung Electronics Co Ltd, but procurement from Sharp is expected to help it secure enough panels to meet fast-growing LCD TV demand without heavy capital investments.
Samsung and Sony compete for the top spot in the global LCD TV market.
For Sharp, another major LCD TV maker, expanding a pool of customers for its LCD panels is important as it is ramping up its panel production capacity aggressively.
The Osaka-based company said last month it plans to boost output capacity at its latest panel plant by 50 percent by July.
Sharp is also building the world's largest LCD panel factory, spending 380 billion yen ($3.55 billion). The plant is slated to come onstream by March 2010.