Matsushita Toshiba Picture Display will close a plant in Malaysia that manufactures cathode ray tubes (CRTs) for television sets, the company said Thursday.Operations at the plant will end in August. The company, which produces CRTs between 21 inches and 32 inches in diagonal width for the Japanese and North American markets, recorded staggering losses last year that almost equaled its sales.In the most recent financial year, which ended in March, the company lost 969 million Malaysian ringgit (US$264 million) on sales of 973 million Malaysian ringgit. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe Panasonic will continue to manufacture CRT-based television sets in Malaysia using CRTs sourced from factories in Thailand and the Philippines, Akira Kadota, a spokesman for the Osaka company, said Thursday. Matsushita Toshiba Picture Display is a joint venture between Matsushita Electric Industrial (Panasonic) and Toshiba.-Martyn Williams, IDG News Service (Tokyo Bureau) Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content opinion The changing face of cybersecurity threats in 2023 Cybersecurity has always been a cat-and-mouse game, but the mice keep getting bigger and are becoming increasingly harder to hunt. By Dipti Parmar Sep 29, 2023 8 mins Cybercrime Security brandpost Should finance organizations bank on Generative AI? Finance and banking organizations are looking at generative AI to support employees and customers across a range of text and numerically-based use cases. By Jay Limbasiya, Global AI, Analytics, & Data Management Business Development, Unstructured Data Solutions, Dell Technologies Sep 29, 2023 5 mins Artificial Intelligence brandpost Embrace the Generative AI revolution: a guide to integrating Generative AI into your operations The CTO of SAP shares his experiences and learnings to provide actionable insights on navigating the GenAI revolution. By Juergen Mueller Sep 29, 2023 4 mins Artificial Intelligence feature 10 most in-demand generative AI skills Gen AI is booming, and companies are scrambling to fill skills gaps by hiring freelancers to make the most of the technology. These are the 10 most sought-after generative AI skills on the market right now. By Sarah K. White Sep 29, 2023 8 mins Hiring Generative AI IT Skills Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe