Giving up portions of its display business is what NEC has been doing for several years. In 2004, they
sold their plasma display business to Pioneer. A few weeks later, NEC gave up their
OLED manufacturing partnership, with Samsung buying out NEC's 49% stake and all of their OLED patents.
"To grow in the OLED business, it is essential to shift to active matrix OLEDs, which will require a large investment, said an NEC spokesman. NEC decided to focus on its IT and semiconductor solution businesses. Flat panels no longer a core business for the company."In 2009,
NEC cut 20,000 jobs,
"mainly in sluggish semiconductor and liquid crystal display-related businesses." In 2011, 70% of their LCD panel manufacturing business, NEC LCD Technologies, was
sold to Tianma. They acquired the remainder of NEC's interest in 2016 and renamed the business
Tianma Japan, Ltd.Additionally in 2016, NEC gave up their
medical diagnostic monitor business.
"NEC will now focus its development efforts and resources in key business areas, including clinical review, administration and back office, information way-finding, digital signage, education and conferencing."In 2020, NEC
sold majority interest (66%) and control of NEC Display Solutions to Sharp Corporation (a subsidiary of Foxconn), retaining a one-third minority stake in the business. Short of exiting the display business completely, there's not much of it left for NEC to sell or give up—temporary or otherwise. The
direction and
market focus decisions are now in the hands of Foxconn/Sharp and not NEC.
I'm not predicting the future. I'm also not ignoring an obvious trend.