By David Richards | Monday | 17/09/2007
As Philips pulls out of plasma, Hitachi -which two years ago aquired the patents for plasma TV from Fujitsu -has announced it is struggling to survive in the plasma TV market.
The Tokyo-based company said it will take a $156 million hit for the production halt. Hitachi has said it will stop production next month at its plasma factory, based in Miyazaki prefecture in southern Kyushu island, because it is old. The facility started operations in March 2001.
The company, Japan’s largest electronics group, is currently making plasma panels at a new plant located in Miyazaki, which started operations in October last year. It also manufactures panels for Fujitsu plasma TVs.