ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Electronics

Panasonic pares TV business to bone with TCL outsourcing

Former giant down to 5% of peak production after years of decline

Panasonic will continue to make high-end TVs for its home market of Japan. (Photo by Tomoki Mera)

OSAKA -- Panasonic will drastically scale back its television business as it shifts production to Chinese manufacturer TCL, shuttering two of its remaining four factories to cut costs in a business that is no longer a consistent moneymaker.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more