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 opinion The Importance of Identity Management in Security By Charles Pelton Nov 28, 2023 5 mins Cybercrime Artificial Intelligence Data Management brandpost Sponsored by Rocket Software Why data virtualization is critical for business success Data is your most valuable resource—but only if you can access it fast enough to address present challenges. Data virtualization is the key. By Milan Shetti, CEO of Rocket Software Nov 28, 2023 4 mins Digital Transformation brandpost Sponsored by Rocket Software The hybrid approach: Get the best of both mainframe and cloud Cloud computing and modernization often go hand in hand, but that doesn’t mean the mainframe should be left behind. A hybrid approach offers the most value, enabling businesses to get the best of both worlds. By Milan Shetti, CEO Rocket Software Nov 28, 2023 4 mins Digital Transformation brandpost Sponsored by Rimini Street Dear Oracle Cloud…I need my own space Access results from a recent Rimini Street survey about why enterprises are rethinking their Oracle relationship and cloud strategy. By Tanya O'Hara Nov 28, 2023 5 mins Cloud Computing 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