Sony, Toshiba and Hitachi confirm plans for presidency-backed LCD three way partnership

We had a gorgeous clear indication that some official word was coming soon , and Sony, Toshiba and Hitachi have now confirmed that they intend to pool their LCD manufacturing efforts and form a brand new three way partnership (expected to be completed by the spring of 2012). That effort is getting a $2.6 billion shot within the arm courtesy of a Japanese government-backed investment fund, which itself will own 70 percent of the brand new company — to be dubbed Japan Display — while Sony, Toshiba and Hitachi will each get a ten percent share.