Tokyo – Panasonic and Sony continue to winnow down their spending in the consumer electronics space, this time announcing that the two companies have elected to end a joint venture on OLED TV panel production.
A terse announcement, carried by the Wall Street Journal Monday, cited “technical challenges in improving panel durability and lowering production costs.”
Instead, each company will continue to focus on creating Ultra HD LCD panels, and will continue to develop OLED technology separately.
Meanwhile, the two Korean CE giants Samsung and LG continue to move forward in OLED panel development, with new TV products expected to be on hand at International CES in Las Vegas Jan 7-10.
