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September 18, 2008

Hitachi Gets Desperate: Buying Plasma Panels From Panasonic In Last Ditch Attempt To Save Business

P60X901-25(2).jpgLast time we heard Hitachi was planning to pack in its struggling plasma business, but it looks like the company with a 7.5% plasma market share has come up with another plan. Hitachi is planning on buying fabricated glass panels from Panasonic, joining Pioneer in Panasonic's new roster of plasma part customers. Hitachi will continue to make circuit boards on their own, but the new Panasonic deal isn't the only one Hitachi has cut with the company. Last year, Hitachi also outsourced its LCD panel manufacturing to Panasonic, amid slumping sales in the US and Europe leading to a $383 million loss.

Can Hitachi turn around its dying flat-panel business? We say NO.

Via Reuters

Read More in: Plasma

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Posted by Justin Davey at September 18, 2008 5:28 AM

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