Panasonic to Bow Out of TV Display Business by September

Panasonic has announced that it plans to exit the television screen manufacturing business, and “will stop producing TV screens at its plant in Himeji, western Japan, by the end of September,” according to Reuters. The decision leaves Sharp as Japan’s sole remaining TV panel company. Panasonic’s Himeji plant opened in 2010, but struggled to earn a profit while faced with stiff price competition by rivals located in China and South Korea. Moving forward, the plant is expected to continue manufacturing screens for medical equipment and automobile dashboards.