Hitachi And Mitsubishi Stop Domestic Production Of TVs, Optical Discs

Two big Japanese electronics companies, namely Hitachi and Mitsubishi, are to stop producing parts of their product portfolio domestically: Hitachi announced [JP] it will end production of plasma and LCD TVs in Japan, marketed under the Wooo brand, by September this year. The company owns a plant in Gifu prefecture in central Japan that churns out about 100,000 TVs per month (pictured: a Hitachi Wooo plasma from 2009). Citing price competition in the TV business as the main reason for the move, Hitachi said the plant will be used to produce projectors and chips instead.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/hn-cN5ohQZQ/

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