Canon Buys Anelva Corp, Aims to Manufacturer LCDs Internally

Our editors review and recommend products to help you buy the stuff you need. If you make a purchase by clicking one of our links, we may earn a small share of the revenue. Our picks and opinions are independent from any business incentives.

*

October 5,2005 - *In an effort to someday profit off of the manufacturer of surface-conduction electron-emitter display or SED devices, Canon yesterday bought 53.9% of NEC Machinery and all of NEC Machinery’s shares in Anelva Corp., a subsidiary of NEC Corp.

Anelva manufactures equipment that in turn manufactures LCDs and other flat panel displays. Canon someday desires to manufacture SEDs inside the company to better protect its technological developments from competitors, and its purchase of Anelva is ideally a step in the right direction. The maneuver could in fact be beneficial in two ways: Canon’s hold over flat panel production technology would mean that the company would profit from using the technology to manufacturer components needed by competitors.

While Canon said that 5.1 billion yen ($46.8 billion) had been set aside for acquiring NEC Machinery, it did not disclose the final amount it paid for the purchase.

Our editors review and recommend products to help you buy the stuff you need. If you make a purchase by clicking one of our links, we may earn a small share of the revenue. Our picks and opinions are independent from any business incentives.

What's Your Take?

All Comments
Our editors review and recommend products to help you buy the stuff you need. If you make a purchase by clicking one of our links, we may earn a small share of the revenue. Our picks and opinions are independent from any business incentives.
Advertisement - Continue Reading Below
Advertisement - Continue Reading Below
Advertisement - Continue Reading Below
Advertisement - Continue Reading Below
Advertisement - Continue Reading Below
Advertisement - Continue Reading Below