The Dutch firm decides to stop production of TVs based on Liquid Crystal on Silicon (LCOS) technology.
Philips, the Dutch electronics giant, is closing its Liquid Crystal on Silicon (LCOS) display business just 12 months after it invested EURO 20 million on a new production facility in Böblingen, Germany.
LCOS technology is touted as a promising engine for future rear-projection televisions (RPTVs). It uses a liquid-crystal microdisplay (about a 1 inch in size) to generate an image which is then projected onto the TV screen. Already companies such as Hitachi and Kolin are offering large, 50-inch+, high-definition TVs based on LCOS engines.
According to Insight Media, a market analyst firm in the display sector, Philips' thinking behind the closure is that it has too small a share of the RPTV market to merit any further investment.