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17 May 2012 - 05:39 AMT

Toshiba halts LCD TVs domestic production

Toshiba Corp said on Thursday, May 17 it has halted domestic production of LCD televisions in the face of price falls, Reuters reported.

The decision by Japan's leading chip maker to stop producing LCD TVs domestically follows a similar decision by Hitachi Ltd as Japanese firms struggle to manage with a strong yen.