Sanyo Electric announced on Friday that it has started buying liquid crystal display (LCD) panels from Sharp for use in its flat-screen TVs sold in North America. "We hope to expand our business by having a mutually complementary relationship with Sharp," said Sanyo spokeswoman Yuko Hosaka. "Sharp's strength in LCDs is part of that." The company started ordering LCDs from Sharp in April, but will also continue procurement from other suppliers. This move comes as Sharp, the world's third-largest LCD TV maker, expands attempts to secure a stable source of demand for its LCD panels from rival TV set makers as it aggressively invests in expanding output.
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