Toshiba Mobile Display announced on October 1,
2010 that the company is going to stop its OLED (Organic
Light Emitting Diode) mass production plan and re-evaluate the
entire plan from scratch, according to Reuters. It is reported that Toshiba
will put emphasis on mid- to small-sized LCD (Liquid Crystal Display) production
instead in a bid to tap surging market demand. Toshiba is projected to transfer
the staff involved in OLED R&D to LCD panel division.
Toshiba Mobile Display invested approximately 16
billion Yen (US$193 million; US$1=82.9
Yen) in setting up an OLED
production line with Panasonic in 2008, according to the same source. The OLED
plant was initially aimed to produce 1.5 million OLED panels each year.