Japanese Hitachi has announced that they will close their last remaining TV factory and formally quit the LCD and plasma TV manufacturing market. Instead Hitachi wants to outsource operations.<br /><br /><h3>Hitachi closes last TV factory</h3>The Japanese TV industry is not looking good. Sonyâ€™s TV division is <a href=http://www.flatpanelshd.com/news.php?subaction=showfull&id=1320659256><b>bleeding</b></a>, Panasonic is also struggling to <a href=http://www.flatpanelshd.com/news.php?subaction=showfull&id=1320237339><b>turn profitable</b></a>, and Hitachi is now forced to close their last remaining TV factory, officially quitting the TV manufacturing market. Hitachi cites price competition as the reason.<br /><br /><p align=center><img class="imgresponsive" src="pictures/hitachioutsourcing.jpg" alt="Hitachi LCD-TV"><br><i>Hitachi plans to outsource their TV production</i></p><br />The factory in Gifu, Japan had a monthly capacity of 100,000 TVs of both LCD and plasma technology. The factory will produce projectors and semiconductor products from September 2012 instead.<br /><br />For some time Hitachi has increased outsourcing of products to Taiwan and this is the final step in the process. Only components will be manufactured in Japan.<br /><br />Hitachi stressed that they will continue to sell consumer TVs but not in-house products. Instead they will use partners in Taiwan.