Sony currently runs an LCD panel joint venture with Samsung Electronics, but procurement from Sharp is expected to help it secure enough panels to meet fast-growing LCD TV demand without heavy capital investments.
Samsung and Sony compete for the top spot in the global LCD TV market.
For Sharp, another major LCD TV maker, expanding a pool of customers for its LCD panels is important as it is ramping up its panel production capacity aggressively.
The Osaka-based company said last month it plans to boost output capacity at its latest panel plant by 50 per cent by July.
Sharp is also building the world's largest LCD panel factory, spending 380 billion yen (US$3.55 billion).
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