 The company manufactures whole products such televisions and designs individual components on behalf of Sharp such as LCD modules and in return Semex is granted access to Sharp capital, technology, research capacity and branding.Notable foreign companies which have set up joint venture entities in Mexico include Samsung which formed Samex, a local designer and manufacturer of finished televisions, white goods and individual electronic components like printed circuit boards, LCD panels and semiconductors, Toshiba, who formed Toshiba de México, S.A. de C.V., an administratively autonomous subsidiary which produces electronics parts, televisions and heavy industrial equipment.Some of these subsidiaries have grown to expand into multiple branches effectively becoming autonomous conglomerates within their own parent companies.