Sony and Panasonic Team Up For OLED Production
Posted June 25, 2012 01:22 PM by Webmaster
Sony and Panasonic have joined forces to develop next-generation TV sets using OLED (organic light-emitting diode) technology. Earlier on Monday, the two companies announced in a statement that they will share technologies - as they try to stay competitive with South Korea's Samsung Electronics Co., the current leader in TV sales.
Sony and Panasonic, both facing pressure from Samsung Electronics Co. and other Asian TV manufacturers, reported record losses for the fiscal year ended March 31. The companies hope to be able to achieve low-cost mass production of OLED TVs by 2013.
Samsung Electronics Co. is planning to start selling OLED TVs with big screens later this year.