On March 9 US Syntax-Brillian announced that it will form an LCoS (Liquid Crystal on Silicon) joint venture with China's Costar, which belongs to the China South Industries Group, with a combined capital of US$5 million. The new company, 51% owned by Costar and 49% by Syntax-Brillian, will produce LCoS light engines. Mass production is scheduled to start in July 2006, and the plant will have an initial annual capacity of 300,000 units. Taiwanese Kolin has already secured part of this capacity for its 65-inch full HD rear projection TVs targeting the Chinese and US markets.