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The report said that the tripartite cooperation was promoted by the Japanese government. The Japanese government and government fund "Industrial Innovation Agency" will also acquire about 70% of the shares in the new company.
The industry believes that Hitachi has been involved in the Sony and Toshiba camps, so the previous cooperation to sell its small and medium-sized panel factory to Hon Hai has not been new.
The industry said that if the three small-size panel businesses complete the merger, it will give birth to the world's largest small and medium-sized panel suppliers. 
[High-tech LED News] Recently, the market sent Hitachi to join the Sony and Toshiba camps, and the three companies plan to complete the merger in July, and set up a joint venture new company. After the establishment of the new company, new production equipment will be introduced and put into production of OLED panels.