Samsung and Sony will reduce its capital by the S-LCD joint venture by 555 million dollar.
Sony has some troubles because of the earthquake the japanese company buys 1.2 million units of LCD panels every month from the S-LCD joint venture.
With the overall demand for LCD displays set to shrink further, Samsung and Sony are likely to gradually wind up the business and focus instead on OLED.
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The demand for LCD panels is very low, because of the earthquake in Japan, and the sectors overall shift in focus to OLED-Displays.
Source:reuters
