Press Release


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October 20, 2004



SONY TOYOTA LCD JOINT VENTURE SHIPS MILESTONE 100 MILLION LCD PANELS
FOR MOBILE PRODUCTS


ST Liquid Crystal Display Corporation
Sony Corporation
Toyota Industries Corporation

October 20, 2004, Tokyo - In five years, ST Liquid Crystal Display Corporation (ST-LCD), a joint venture company established by Sony Corporation and Toyota Industries Corporation, shipped 100 million cumulative units of its low-temperature polysilicon thin film transistor liquid crystal display (TFT-LCD) . The joint venture is among the largest providers of digital displays for mobile products such as mobile phones and digital still cameras.

ST-LCD began full-scale production in April 1999, and through various improvements in manufacturing processes, is currently at 32,000 base-plates per month production capacity. The end result is the ability to manufacture high quality panels at a high volume, and be cost-competitive with a fast delivery time.

To satisfy the anticipated increase of TFT-LCD display demand for mobile products, ST-LCD Corporation will increase production capacity by 25% to 40,000 base-plates per month (600 X 720mm) in April 2005.

Outline of ST-LCD (as of Sep. 2004)
Name:ST Liquid Crystal Display Corporation
Establishment:October 22, 1997
Location:Aichi-Prefecture, Japan
Capital:23 billion yen
Capital Investors:Sony: 50%, Toyota Industries Corporation : 50%
Representative:Kohshi Iwata
Business Outline:Production of Low-Temperature Polysilicon TFT LCD panels
Production Capacity:32,000 glass base plates per month
Start of Production:April 1999