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SharpCorp. and ToshibaCorp. have agreed to collaborate closely on LCDs. The alliancewill allow the companies to make full and effective use of their respective strengths and resources, particularly 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¡ªSharp's procurement of system LSIs for LCDs from Toshiba, and Toshiba's procurement of Sharp's LCD modules for TVs 32 inches and larger. Through the program, Sharp aims to satisfy about 50 percent of its total demand for system LSIs for TVs in fiscal year 2010, while Toshiba targets meeting 40 percent of its demand for LCD modules in the same year.