20
Sep
2008
EETimes: Hitachi said it will buy core plasma TV parts from Panasonic-maker Matsushita Electric Industrial as it restructures its loss-making flat TV business in a market dominated by rival LCD technology.
Hitachi, which is struggling with flat TV losses, faces intensifying price competition from bigger TV makers Sony, Sharp, Samsung and LG Electronics.
Hitachi will buy fabricated glass panels — the high-end part of a plasma TV — from Matsushita, in a step that some analysts say could lead to an eventual withdrawal from the business.

