December 25, 2013

Sony, Panasonic to dissolve tie-up in OEL TV display business

Sony Corp. and Panasonic Corp. will dissolve their partnership developing organic electroluminescent television displays as they have not been able to establish a cost-effective means of mass production, sources close to the two companies said Wednesday.

The Japanese electronics makers, which have jointly developed the displays for one and a half years, will end the tie-up as the contract expires at the end of this year.

But the two companies will continue development of OEL TV technology independently.