The top three solar panels will spend 20 billion yen to buy Panasonic factory

[High-tech LED News] It is reported that the Japanese industrial innovation institution jointly funded by the government and enterprises will buy a panel factory of Panasonic for about 20 billion yen (about 255.5 million US dollars).

In order to strengthen the competitiveness of the Japanese panel industry, Innovation Network has previously announced that it will invest in the integration of small and medium-sized LCD panel business of Toshiba, Hitachi and Sony. It is understood that the integrated new company is expected to be established before April next year, and Innovation Network holds 70%.

It is understood that Innovation Network acquired the Panasonic factory in Chiba County with the aim of increasing the production capacity of the new company's panels and saving investment expenses. The Panasonic Chiba Prefecture plant is currently producing a larger TV panel, so it has to invest another 100 billion yen (about 1.28 billion US dollars) to convert the factory into a liquid crystal panel for smartphones and tablets. It is expected to start in the fall of 2012. Put into production. Panasonic also has a new TV panel factory located in Hyogo Prefecture. The Nikkei pointed out that Panasonic has decided to reduce the production capacity of LCD panels to improve the profitability of the TV industry.