|Toshiba Purchasing Panasonic’s Stake In LCD/OLED Production|
|Home Theater News Industry-Trade News|
|Written by AVRev.com|
|Wednesday, 01 April 2009|
The Toshiba Matsushita Display Technology (TMD), a joint venture by Toshiba and Panasonic to produce LCD and OLED panel technology, will be entirely in Toshiba’s hands by April 28th. Toshiba has agreed to buy out Panasonic’s entire stake in the venture.
TMD will be renamed Toshiba Mobile Display after the transfer. It focuses on smaller LCD displays for cell-phones, in-car and other mobile devices. Due to the floundering economy, Toshiba will be restructuring many aspects of its business, including the new TMD. It will cut some manufacturing lines, as well as focus more on OLED technology as a way to align with the future of LCD technology.