Shift toward non-TV components.
Panasonic Corporation has decided to withdraw from TV panel production in Japan. However, the company will continue to produce panels for other markets, where growth is expected.
In a statement provided to Appliance Retailer, Panasonic Corporation explained its business shift.
“Panasonic is shifting its LCD panel production towards non-TV component applications, such as automotive and industrial use, and plans to complete this shift by the end of September this year.
Panasonic’s TV business has for many years pursued a multi procurement strategy wherein it has sought out the best panels from multiple suppliers based on performance and cost. Using its own image processing and backlight technologies Panasonic has been able to get the very best out of third-party panels and has been recognised by TV reviewers as consistently delivering superlative picture quality.
Due to Panasonic’s deep knowledge of the varying characteristics of various display technologies such as Plasma, LCD, and OLED displays, Panasonic has consistently delivered superlative picture quality.
Panasonic intends to continue delivering superb TVs as it further increases its competitiveness.”