Sony, Panasonic to end tie-up on OLED TV

Dec 26 2013, 03:59 IST
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SummarySony and Panasonic, Japan’s two largest consumer electronics companies

Sony and Panasonic, Japan’s two largest consumer electronics companies, said on Wednesday that they will end joint development of organic light emitting diode (OLED) television screens, a thinner and brighter type of next-generation display in which South Korean rivals have a head-start.

The two companies, which have been scaling back their TV operations after heavy losses in recent years, will focus their efforts on conventional liquid crystal display screens for so-called 4K ultra high-definition TVs, which have greater promise, company spokesmen said.

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