Sharp Corporation and Toshiba Corporation have agreed to collaborate closely in LCDs, a move that is expected to enhance the companies' corporate value, profitability and global competitiveness. The alliance will take advantage of Sharp's capabilities in LCDs and Toshiba's expertise in advanced semiconductors. Sharp and Toshiba will initiate the collaborative partnership in fiscal year 2008, starting with an expansion of reciprocal procurement - Sharp's procurement of system LSIs for LCDs from Toshiba, and Toshiba's procurement of Sharp's LCD modules for TVs of 32 inches and larger.
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