Toshiba and Sharp were recently pressed their magic rings together proclaiming, "Wonder Twin powers, activate! Form of…a strategic LCD alliance wherein Toshiba buys LCD panels from Sharp and Sharp buys semiconductors from Toshiba!"

The actual meeting may very well have gone differently than that, but you get the idea. The partnership will allow the two companies to produce more LCD TVs and monitors at lower costs. Sharp is in the midst of building the world’s largest LCD plant in Japan and the arrangement calls for Toshiba to buy 40% of its LCD panels from Sharp and, in turn, Sharp will buy 50% of its LCD TV semiconductors from Toshiba.

Toshiba and Sharp Form LCD Pact [DailyTech]