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OLED panels, use organic, or carbon-containing, compounds that emit light when electricity is applied and unlike liquid crystal displays, OLED panels do not need backlighting, making them slimmer and more energy efficient.
The report notes that Sony, Toshiba and Matsushita will participate in a joint development project initiated by the Japanese government and details of the project, which aims to establish basic technologies for making energy-saving, high-definition OLED displays with screen sizes of 40-inch and larger, will be announced soon.
Sony in November started selling the world's first OLED TVs with an 11-inch screen, while South Korea's Samsung Quote said last month that it would boost production of active-matrix OLED displays to six times the current level by mid-2009.
Other participants in the project include Idemitsu Kosan and Sumitomo Chemical, according to the report.
