Now it's official - Toshiba bought our Panasonic's stake in TMDisplay, will focus on OLEDs

Toshiba announced today that it bought Panasonic's stake in TMDisplay, for 20.3M$. TMDisplay is expected to report a loss of 300M$, on sales of 2.7B$ in 2008.

Toshiba will change the name from Toshiba-Matsushita displays to Toshiba Mobile displays (still TMDisplay...). It will also focus on OLED displays.

Earlier in 2008, TMDisplay said they will spend 140M$ on new production lines for AMOLEDs, making 1M 2.5" panels a month. TMDisplay are working on high-efficiency and lifetime panels.