Printed from http://www.electronista.com

Hitachi, Sony, Toshiba spinoff may buy Panasonic factory

updated 06:30 pm EDT, Tue November 1, 2011

Move will boost phone and tablet display capacity

Earlier 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. [via Reuters]



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News