Hitachi To Stop Making TVs In Japan
Hitachi Ltd. said Monday it will end production of flat-screen TVs by September in its Japan-based facilities, due to intensifying price competition.
Hitachi's production base for its Wooo TVs is located in Gifu Prefecture. The company plans to use the facility for liquid-crystal projectors and semiconductor-related production.
Hitachi tried to maintain its profitability of its flat-panel TV business by outsourcing more parts, but it determined there was a limit to such efforts.
The firm will maintain the Hitachi brand name and continue engaging in TV operations, including development and sales, it said.
Hitachi tried to maintain its profitability of its flat-panel TV business by outsourcing more parts, but it determined there was a limit to such efforts.
The firm will maintain the Hitachi brand name and continue engaging in TV operations, including development and sales, it said.