Taiwanese E Ink Holdings and Sony Semiconductor Solutions, a wholly-owned subsidiary of Sony Corp., have agreed to establish a joint venture responsible for designing, manufacturing, selling, distributing and licensing products that utilize electronic paper displays, as well as related applications.
E Ink and Sony have a strong partnership through a wide array of collaboration products since 2004, with Sony selling Digital Paper adopting E Ink's electronic paper display technology. The new JV will leverage both E Ink's development and manufacturing technology for electronic paper displays and Sony's expertise in product development and marketing. The companies aim to create new electronic paper display products and systems and grow the market of e-paper based solutions.
The JV is officially registered in Taiwan and has its Japan subsidiary registered in April. The company operation will be started soon after obtaining required regulatory approvals. E Ink's subsidiaries and Sony Semiconductor Solutions jointly invest approximately 70% of JV shares and are the major shareholders leading the JV's business to success. The remaining shares are subscribed by venture capital companies investing in rising startups. The paid in capital is NTD 420 million (New Taiwan Dollars).