The 10 million yuan venture is made up by Skyworth, Shenzhen City Shenchao, Sichuan Changhong, TCL and Konka, which together account for 70% of China's TV market...

The company has invested $1.8 billion in developing the technology for the screens and building the factories to produce them. It plans to roll out the first 55-inch screens for consumers in Japan later this year.

hares of Corning Inc. rallied Wednesday despite a warning that prices for its lucrative, liquid-crystal-display glass used in flat-panel monitors will fall more sharply in the first quarter than in the past.