Panasonic to Shutdown OLED Business21-04-2014
Panasonic to Shutdown OLED Business..Panasonic will be closing its OLED business in April 2014, according to
report by Japanese news agency Kyodo News.
Citing a source from Panasonic invested company Idemitsu Kosan, the report noted lower profitability in the
OLED sector was the main reason behind Panasonics withdrawal from the OLED market. OLED related businesses
will be dissolved as of this month. An OLED Info report pointed out Panasonic had not profited due to OLEDs
high R&D costs and low profitability.
With the shutdown of its OLED business, Panasonic will be focused on developing LED products.
The announcement come as a surprise since Panasonic Research Director Takuya Komoda outlined the companys
OLED market strategy and forecasted emerging growth for the sector from 2014-2015 during TILS 2014 last month.