Innovation Network Corporation of Japan (INCJ), Hitachi Ltd., Sony Corporation and Toshiba Corporation have announced that they have signed a non-binding Memorandum of Understanding to integrate their small and medium-sized display businesses, which are operated by subsidiaries of Hitachi, Sony and Toshiba, in a new company to be established and operated by INCJ. All four are aiming to sign definitive and legally-binding agreements in the Autumn of 2011.
