Epson 2004 Annual Report Download - page 23

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SEIKO EPSON CORPORATION 21
Epson is Targeting the Top
Spot in
Mobile Displays.
<
Color STN LCD modules
Epson has captured a leading position in
the small- and medium-sized LCD market
by forging ahead with development
centered on products used primarily in mo-
bile phones.
High temperature polysilicon (HTPS)
TFT LCD panels
>
HTPS commands an overwhelming 55% share
of micro-devices for the projection market.
back-end processing systems are
especially vital to such capabilities.
Epson has decided to establish a
back-end processing site in the
Philippines to augment its process-
ing capacity and mitigate the
potential risks of concentrating all
such processing at its plant in
Suzhou, China. These actions will
give Epson a framework for meet-
ing in a timely fashion the growing
demands from major global
clients for color LCD modules.
Business Integration With
SANYO Electric Co., Ltd.
Epson believes that establishing
a future framework for the mass
production of low temperature
polysilicon TFTs will be crucial as
volumes increase for high-resolution
displays exceeding 200 dpi. On
May 6, 2004, Epson reached a basic
agreement with SANYO Electric
Co., Ltd. to merge their respective
LCD businesses to form an Epson
subsidiary, SANYO EPSON IMAG-
ING DEVICES CORPORATION on
October 1, 2004. Based on results
of the two companies in 2003, the
new company would have had a
28% share in LCDs for color mobile
phones, a 28% share in LCDs for
digital cameras, and a 36% share in
LCDs for electronic viewfinders
(EVF), making SANYO EPSON
IMAGING DEVICES the fourth larg-
est manufacturer in the world in
terms of sales for the entire LCD
industry, including large-screen LCDs.
By bringing together the core
competencies of the two founding
companies in technologies for com-
pactness, higher resolution, higher
definition and mass production,
Epson and SANYO will pursue syn-
ergies that will lead to the supply of
high-performance LCDs with out-
standing cost performance, as Epson
aims to become the world’s pre-
eminent manufacturer of small- and
medium-sized color LCDs.