Panasonic to stop LCD panel production
 |
| Panasonic has given in to international competition (Photo: AFP/ODD ANDERSEN) |
The company, which makes everything from rice cookers to batteries for Tesla vehicles, currently makes LCD panels only for vehicles and industrial uses.
The company said it had attempted to respond to "the tough competition and evolution" of the business, but came to the conclusion that "further continuation of the business would be unviable."
Once a symbol of Japanese electronics that dominated the global consumer market, Panasonic stopped making LCD panels for televisions in 2016.
The latest decision was unlikely to affect the firm's finances or impact jobs, a spokeswoman said.
Japanese electronics makers have undergone major structural reforms in recent years as South Korean and Chinese manufacturers continue to improve the quality of their products at a cheaper cost.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:Related Contents
Latest News
More News
- E-commerce race heats up with new player entering arena (December 19, 2024 | 16:03)
- Interest must rise for carbon exchange (December 19, 2024 | 16:00)
- Limitations abound for domestic EV carbon credits (December 19, 2024 | 15:00)
- Businesses pivotal in offsetting carbon measures in Vietnam (December 19, 2024 | 13:00)
- Coordination key for circular economy (December 19, 2024 | 10:56)
- Vietnam’s first logistics laboratory established (December 19, 2024 | 08:00)
- Masan Consumer Holdings honoured with consecutive "Great Place To Work" certifications (December 18, 2024 | 16:55)
- SABECO’s research facility a dream for its brewmasters (December 17, 2024 | 10:30)
- Digital twins reshaping Vietnam's logistics and supply chain landscape (December 17, 2024 | 09:34)
- Enterprises awarded for pioneering innovation to attract talent (December 16, 2024 | 16:43)
Mobile Version