TOKYO (Reuters) - Japanese consumer electronics maker Sony Corp (6758.T) said on Tuesday it will spend 22 billion yen ($203.5 million) to develop technology to make medium to large organic light-emitting diode (OLED) panels.
Sony launched the world's first TV using such panels in November at a price of 200,000 yen.
OLED displays use organic, or carbon-containing, compounds that emit light when electricity is applied. Unlike liquid crystal display panels they do not need backlighting, making OLED TVs slimmer and more energy-efficient.
Just 3 mm thick, the new TV consumes 40 percent less power than a comparable LCD set and is suitable for watching fast-moving images such as sports programs because of its quick response time. It also offers bright colors and a wide viewing angle.
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