Canon to enter the market of flat panel television sets

Canon to enter the market of flat panel television sets

Canon and Toshiba are collaborating together to start mass production of ultra-thin flat-panel TVs in early 2008.

This would see them enter the market currently dominated by players like Matsushita Electric Industrial and Samsung.

Canon and Toshiba would be manufacturing a new type of flat panels, which they say are thinner and consume less energy than the current generation of LCD and plasma television sets.

The two companies also showcased a 55-inch full high-definition TV at a trade show in Japan.

Canon would also be targeting the Chinese market with these products to attract customers who want to see the 2008 Beijing Olympics in its full glory.