A ¥16 billion joint venture by Toshiba Corp. and Panasonic Corp. will put off mass-producing organic electroluminescent displays for use in cell phones amid the recession, company officials said Thursday.
Toshiba Matsushita Display Technology Co., which was established in 2002 by Toshiba and Panasonic, then named Matsushita Electric Industrial Co., was to begin monthly production of 1.5 million OEL displays for cell phones at its Ishikawa Prefecture factory in October.
But the recession has dampened demand for such cutting-edge panels, the officials said. The company is expected to set a date to start mass-production after monitoring market trends.
The company has been making liquid crystal displays for televisions among its main products.