Sharp and Toshiba to Form Alliance in LCD and Semiconductor Businesses

    OSAKA, JAPAN&TOKYO, December 21 /CNW/ - Sharp Corporation and Toshiba
Corporation announced today that the two companies have agreed to collaborate
closely in LCDs, a move that is expected to enhance the companies' corporate
value, profitability and global competitiveness. The alliance will allow each
company to make full and effective use of its 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 - Sharp's
procurement of system LSIs for LCDs from Toshiba, and Toshiba's procurement of
Sharp's LCD modules for TVs of 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.

    The global market for LCD TVs is growing at a brisk pace, a trend
expected to continue in coming years. While various types of displays are
being brought to market, Sharp is channeling its resources into developing LCD
TVs characterized by thin lines, light weight, high resolution images and a
long lifetime, and into achieving progressive advances in reducing power

    System LSIs for TVs are increasingly required to support advanced
functions and higher levels of performance alongside their core role of image
processing. As TVs shift to higher levels of resolution, Toshiba's system LSIs
for TVs deliver the company's advanced expertise and achievements in image
processing in products that meet the most exacting requirements of major TV
set manufacturers.

    By bringing together their key, world class technologies, Sharp and
Toshiba will promote business advances through development of differentiated
products. Each company aims to secure a leading position in the LCD TV market,
and to reinforce its capabilities in LCDs and semiconductors, by overcoming
increasingly intense global competition.

    About Sharp

    Sharp Corporation is a worldwide developer of innovative products and
core technologies that play a key role in shaping the future of electronics.
As a leader in liquid crystal displays (LCDs) and digital technologies, Sharp
offers one of the broadest and most advanced lines of consumer electronics,
information products and electronic components, while also creating new
network businesses.

    Sharp Corporation employs about 57,600 people in the world (as of October
31, 2007) and recorded consolidated annual sales of 3,127,771 million yen for
the fiscal year ended March 31, 2007. For more information, please visit
Sharp's Web site at

    About Toshiba

    Toshiba is a world leader and innovator in pioneering high technology, a
diversified manufacturer and marketer of advanced electronic and electrical
products spanning information & communications equipment and systems; digital
consumer products; electronic devices and components; power systems, including
nuclear energy; industrial and social infrastructure systems; and home
appliances. Toshiba was founded in 1875, and today operates a global network
of more than 670 companies, with over 191,000 employees worldwide and annual
sales surpassing US$60 billion. Visit Toshiba's web site at

For further information:

For further information: Toshiba Corporation Keisuke Ohmori,
+81-3-3457-2105 Corporate Communications Office fax: +81-3-5444-9202 or Sharp Corporation Miyuki
Nakayama, +81-3-3260-1870 Corporate Public Relations Division Fax:

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