Hitachi, Sony, Toshiba spinoff may buy Panasonic factory

Panasonic logoEarlier this year, Toshiba, Sony and Hitachi agreed to spin off their small- and mid-sized display making operations to Innovation Network Corp, a Japan-based investment fund. Today, Nikkei has reported [subscription required] that the fund is planning to buy Panasonic's LCD manufacturing factory in the Chiba Prefecture in Japan for 20 billion yen ($255.5 million). The company anticipates investing another 100 billion yen ($1.28 billion) to convert the plant, which makes larger TV LCD panels, to produce LCD panels for smartphones and tablets.

This would be the second move by Panasonic to restructure its manufacturing capabilities. Last Wednesday, it was rumored that the company was exiting the small-to-mid-sized TV LCD panel business and was devoting capacity of its Hyogo, Japan plant to tablet panels and large-sized TV LCDs.

Innovation Network is believed to be making the move to enable it to boost its production capacity for small and midsize LCDs used in phones and tablets, while at the same time, saving on capital investment costs. If all goes to plan, the revamped facility will begin producing the smaller LCD panels in late 2012.

Source: Electronista

Tags: Panasonic, TVs

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
 
Highlights of the new feature update include a tweaked interface with Fluent Design elements
 
It’s now open to third-party developers and designed for smart home devices
 
Prices start at $1499 for the 13.5-inch model and $2499 for the 15-inch model
 
Users claim the Start menu isn’t working after the upgrade
 
It will release its first all-purpose AI chips by the end of 2017
 
Android 8.1 Oreo arriving on Pixel phones "in the coming weeks"
 
The Snapdragon 636 also comes with support for modern ultra-wide FHD+ displays
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
1234567
891011121314
15161718192021
22232425262728
293031    




Poll

Do you use microSD card with your phone?
or leave your own version in comments (4)