Toshiba to get out of LCD production business?
Toshiba has hinted this week that it may be leaving the LCD production business, a way to curb ever-increasing losses.
Corporate senior executive VP Fumio Muraoka says the strong yen, steep price declines in the units, and shrinking demand may lead to Toshiba needing to leave the business.
Toshiba Mobile Display posted an operating loss of $211 million USD for the months of April to December 2009, which followed losses of $180 million and $110 million for the division for the same periods in 2008 and 2007.
The division used to be a partnership with Panasonic but Toshiba bought out the entire stake in March.
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