Toshiba drops OLED panel production plans

Toshiba recently announced that they are scrapping their initial plans to mass produce OLED panels and will now concentrate on LCD instead.

“The plan is currently frozen. We’ll review the production plan again from scratch,” Toshiba mobile display spokesman Masahiro Kume told the Nikkei business daily.

$197 million was invested in a joint venture with Panasonic in 2008 to build OLED panels for mobile displays.

How this will affect any plans for Toshiba to produce an OLED TV remains unseen.

Full story at Reuters.com

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