Matsushita, Hitachi Talking LCD Panel Deal

By Geoff Duncan
December 19, 2007

Japanese electronics giants Matsushita and Hitachi are reportedly talking about a multi-billion dollar deal to let Matsushita get into the LCD business...cheap.

Back when mass-market flat panel televisions started to look more like a reality than some crazy prop on a Star Trek show, Japanese Matsushita bet heavily on plasma technology, believe it would be the most cost effective flat-screen technology at sizes over 40 inches. But—surprise—the LCD makers have been catching up, and sales of plasma systems have been eroding in favor of unexpectedly big (and comparatively inexpensive) LCD displays.

The developments have Matsushita looking to get into the LCD panel business…and it's looking at taking over a joint venture it runs with Toshiba and Hitachi to do it. Although details have not been finalized, one reported possibility is that Matsushita would take over the LCD venture and pump $2.7 billion into a new LCD manufacturing facility, according to ...

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