Panasonic to stop LCD panel production | The Daily Star
12:00 AM, November 22, 2019 / LAST MODIFIED: 12:00 AM, November 22, 2019

Panasonic to stop LCD panel production

Japanese electronics titan Panasonic said Thursday it would end its production of liquid crystal display panels by 2021, as Chinese and South Korean manufacturers dominate the global market.

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.”

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