Philips invests in E Ink

Philips Components announced on Tuesday a "major investment" in E Ink. The two companies will develop high-resolution displays for devices such as personal digital assistants and electronic books. Development of the displays will begin later this year. E Ink has developed a technology called Electronic Ink that makes screens brighter and thinner while consuming less power than traditional liquid crystal displays.

Sunnyvale, Calif.-based Philips Components will integrate Electronic Ink with active-matrix displays. The goal is to help manufacturers create lighter devices with paper-like readability. Terms of the agreement were not revealed. E Ink is located in Cambridge, Mass.