Toshiba is planning to buy a one-fifth stake in LG.Philips LCD’s Polish subsidiary in order to ensure a steady supply of liquid crystal display (LCD) panels for European televisions, it said Tuesday.The Japanese electronics company will invest about 5.5 billion yen (US$46.2 million) to acquire the stake in LG.Philips LCD Poland, which is constructing an LCD module plant near Wroclaw. The plant will take LCD panels produced at a factory in South Korea and add additional components including backlights and driver chips to produce a finished LCD module. The finished modules are then ready to be combined with other components such as tuners, power supplies and cases to form finished televisions.By investing in the LCD module plant operator, Toshiba will be able to ensure a steady of supply of modules for its new LCD TV factory, which is being built on an adjacent plot.LG.Philips LCD broke ground on the new Polish plant earlier this year and expects to begin mass production of LCD modules in March 2007. It will have an initial capacity of 3 million modules per year, and this will rise to full capacity of 11 million modules per year by 2011, according to the company. Toshiba is planning to begin producing LCD TVs at its new factory in August 2007. It expects to procure panels more than 50 inches in size from the LG.Philips LCD factory.On the back of strong demand in Europe, Toshiba said it hopes to produce about 3 million LCD TVs in Europe by fiscal 2009. They will be produced at the plant in Poland and at Toshiba Information Systems in the United Kingdom. -Martyn Williams, IDG News Service (Tokyo Bureau)Related Links: LG.Philips Develops Thinner Cell Phone Display Ceatec: Toshiba Lays Out Plans for Mobile Cell Chip Toshiba Develops Notebook HD-DVD Writer Drive Toshiba to Exchange 830K Sony-Made BatteriesCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature Key IT initiatives reshape the CIO agenda While cloud, cybersecurity, and analytics remain top of mind for IT leaders, a shift toward delivering business value is altering how CIOs approach key priorities, pushing transformative projects to the next phase. By Mary Pratt May 30, 2023 10 mins IT Strategy IT Leadership opinion Managing IT right starts with rightsizing IT for value While there are few universals when it comes to saying unambiguously what ‘managing IT right’ looks like, knowing how to navigate the limitless possibilities of IT is surely one. By Thornton May May 30, 2023 6 mins Digital Transformation IT Strategy IT Leadership feature Red Hat embraces hybrid cloud for internal IT The maker of OpenShift has leveraged its own open container offering to migrate business-critical apps to AWS as part of a strategy to move beyond facilitating hybrid cloud for others and capitalize on the model for itself. By Paula Rooney May 29, 2023 5 mins CIO 100 Technology Industry Hybrid Cloud feature 10 most popular IT certifications for 2023 Certifications are a great way to show employers you have the right IT skills and specializations for the job. These 10 certs are the ones IT pros are most likely to pursue, according to data from Dice. By Sarah K. White May 26, 2023 8 mins Certifications Careers Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe