Panasonic to end LCD panel production amid tough competition

Business / Corporate Nov 21, 2019

Panasonic to end LCD panel production amid tough competition

Panasonic Corp. said Thursday it will withdraw from all production of liquid crystal display panels by 2021 amid fierce competition from Chinese, South Korean and other foreign rivals. Panasonic stopped manufacturing LCD panels for televisions in 2016. It has since focused on LCD panels for ...

Samsung to invest $11 billion in next-generation displays

Business / Corporate Oct 10, 2019

Samsung to invest $11 billion in next-generation displays

Samsung Display Co. plans to spend 13.1 trillion won ($11 billion) developing and building next-generation displays, responding to a flood of supply and price pressure from fast-moving Chinese rivals. In an announcement event attended by South Korean President Moon Jae-in and Samsung Electronics Co. Vice-Chairman ...

Business / Tech Dec 14, 2016

Hon Hai, Sharp to halt LCD TV panel supply to Samsung in 2017

Taiwan's Hon Hai Precision Industry Co. and its Japanese subsidiary Sharp Corp. will stop supplying liquid crystal display panels for televisions to South Korea's Samsung Electronics Co. from next year, industry sources said Wednesday. Hon Hai and Sharp are planning to shift supply of the ...

Panasonic pulls plug on LCD TV panels in Japan

Business / Corporate May 31, 2016

Panasonic pulls plug on LCD TV panels in Japan

Panasonic Corp. has decided to withdraw from TV panel production amid fierce competition from foreign rivals, in particular in China and South Korea, company sources said Tuesday. The Osaka-based company will end production at its sole liquid crystal display plant in the city of Himeji, ...

Business / Corporate Jan 12, 2016

Sharp to seek additional financial assistance from creditor banks

Sharp Corp. is planning to ask its major creditor banks for ¥150 billion in additional assistance, in line with a rehabilitation plan under a government-backed corporation turnaround fund, sources said. Under the restructuring plan of the Innovation Network Corp. of Japan, the struggling electronics manufacturer ...