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Toshiba closes TV operations in Japan, sells out to China’s Hisense

Most recent entries into the video market won’t remember to pomp and heyday of Toshiba in the TV device market, but today it finally crashed out of it, caught by the same economic cycle that has reduced Sony to a part player in the TV market and strangled Panasonic’s once strong brand as well, which took in dominance of the plasma form factor – which remains making TVs but using LG LCD panels. Over the years Chinese and Japanese groups have bought out Technicolor (as was Thompson at the time) and Philips out of the TV market. Most of this was because of the ramp in flat TV screens, with initially Korean manufacturers Samsung and LG taking the market and…

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