• Samsung to acquire all of Sony's shares of S-LCD, making the joint venture its wholly-owned subsidiary
• Sony and Samsung enter into a strategic agreement for supply and purchase of LCD panels.

Tokyo, Japan - Sony Corporation (“Sony”) and Samsung Electronics Co., Ltd. (“Samsung”) today announced that the two companies have signed agreements to transition the current business relationship with respect to LCD panels.

Hitach and Sony are reported to have teamed up to supply Apple with 4-inch LCD displays for an unspecified iOS device that will hit the market in 2012. Meanwhile, Apple is also said to be working on a fundamentally distinct display technology for the iPad 4.

Citing sources within Apple's Far Eastern supply chain, macotakara.jp claims that Hitach Displays, Ltd. and Sony Mobile Display Corporation have begun shipments of 4-inch LCD panels to Apple for unspecified iOS device due next year.