The LCD industry has been working on the in-cell touch technology for several years.

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Corning manufactures glass substrates for LCDs and is one the major players in the LCD TV industry.

FORBES: Holiday TV Sales Will Help Corning Reach $13

Weeks referenced Corning's entry into new supply agreements with industry-leading LCD display manufacturers this past quarter.

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But he notes that the industry has now sold 1 billion LCD televisions.

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Also in Japan, Sharp fell 1.7% as investors continue to await a decision from Hon Hai Precision Industry as to whether or not the company will inject capital into the struggling LCD panel maker.

WSJ: Europe Concerns Weigh on Asian Shares

Also in Japan, Sharp fell 0.3% as investors continue to await a decision from Hon Hai Precision Industry as to whether or not the company would inject capital into the struggling LCD panel maker.

WSJ: Europe Concerns Weigh on Asian Shares

An LCD touchscreen, on the other hand, seems right in line with modern Sony and the games industry in general.

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The Chinese case follows U.S. and European Union investigation into LCD price-fixing by several Asian companies between 2001 and 2006, when executives were accused of setting up an industry cartel to drive up prices.

FORBES: China Fines Asian LCD Producers $57 Million For Price-Fixing