Matsushita gears up to build $2.8 billion LCD factory in Japan

by Darren Murph posted Feb 19th 2008 at 9:31AM

Looks like we're already starting to see some repercussions from the (very) recent deal struck between Panasonic and Hitachi. Reportedly, Matsushita -- known for its Panasonic brand -- is getting set to construct a $2.8 billion LCD factory in western Japan that it hopes to open by 2010. The move is said to be in response to the weakening demand for plasmas and the increasing demand for LCDs, and when everything goes operational, the plant should be able to crank out 15 million 32-inch LCD panels per year. Notably, the facility will be built by IPS Alpha Technology, which Matsushita will be a majority owner in after "buying out Toshiba and Hitachi's stake in the venture." Better yet, it's noted that IPS Alpha could also dabble in OLED technology, so yeah, you can consider our interest piqued.

[Via About-Electronics]

Filed under: Industry, Displays, Panasonic, LCD, OLED

Tags: build, business, competition, factory, industry, japan, lcd, lcd tv, LcdTv, Matsushita, panasonic

Reader Comments (Page 1 of 1)

Neutral

Hans Martin @ Feb 19th 2008 9:38AM

The mention of OLED triggers in me a Pavlovian response... I want OLED so bad i can taste it!

Neutral

Patrick @ Feb 19th 2008 2:28PM

Ah, the ambiguities of language. LCDs are great and all, but some of those huge displays I've seen here make me question the title of this article. "$2.8 billion LCD factory" Does this mean a $2.8 billion factory which makes LCDs, or a factory which makes $2.8 billion LCDs? I'm still waiting for the 500" 16k monitor... (though 2.8 seems a bit excesive even for that)

Neutral

primo @ Feb 22nd 2008 8:04PM

15 million 32" /yr and a $2B bill+ ! Now thats SERIOUS business. Unreal and that's not including the ever so yummy OLED beauties in that projection.

I am hooked on OLED stuff so much I have 100 domains related to it and blog.

XEL-1 on sale in Canada this month to be released somewhere. Ideas?

engadegt does it for me too!

cheers all' :)-'

http://www.oledevices.com

Neutral

primo @ Feb 22nd 2008 8:05PM

Neutral

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