TOKYO: A flat panel startup affiliated with Sony Corp said on Wednesday it will spend up to 30 billion yen ($283 million) to make new display panels based on field emission display technology by the end of next year. 

Field Emission Technologies Inc, owned 37.8 per cent by Sony, said it is in talks with Pioneer Corp to buy one of its plasma panel plants in southern Japan. Both Field Emission Technologies and Pioneer said the price has yet to be set. Pioneer is withdrawing from plasma panel production and will instead procure panels from Matsushita Electric Industrial Co Ltd the world’s No 1 plasma TV maker.

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written by Andrew