Japanese technology companies Canon Inc. and Toshiba Corp. said on Tuesday they would invest $1.82 billion in a joint venture to manufacture advanced flat panel displays.
Canon, the world's largest maker of office machines, and electronics conglomerate Toshiba have conducted research since 1999 on surface conduction electron emitter display (SED) panels, which are seen as a promising next-generation display.
SED panels are thinner than existing flat panels, consume less energy and, unlike liquid crystal display (LCD) panels, do not require backlighting because they produce their own light.
The two companies said they planned to begin production of SED panels mainly for large-screen flat-panel TVs in 2005 and the venture would seek to become profitable by 2010. They are the only major companies developing SED panels.