Samsung and LG are strong rivals to have, but the two companies have high hopes for a new partnership.
Sharp has big plans and it's not about to let anyone get in the way if it can help it. One of those plans includes beating out Korean manufacturers Samsung and LG. To do that they've enlisted the help of Taiwanese manufacturer Hon Hai, better known as Foxconn.
The way it's going to work going forward is that Foxconn is going to produce smaller LCD panels - anything between 20 and 40 inches. They're set up to do it better, cheaper and more efficiently according to Sharp.
Sharp in turn will provide Foxconn with panels 60 inches and larger - a specialty of Sharp's. A new joint venture company will make other things like components, glass and the other essentials for LCD televisions.