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Matsushita Electric Industrial Co., Ltd. ( Japanese: 松下電器産業株式会社) is an electronics manufacturer based in Kadoma, Osaka prefecture, Japan.
It was founded by Konosuke Matsushita in 1918, with its first product being a duplex electrical outlet. In 1927, it produced a bicycle lamp, the first product it marketed under the brand name National. Since then, it has become the largest Japanese electronics producer and competes mainly with Sony, Toshiba and Philips. In addition to electronics Matsushita offers non-electronic products and services such as home renovation services. Its name in Japanese means Pine Tree Electric.
Matsushita produces electronic products under a variety of names, including:
Matsushita is also the controlling stockholder of the Japan Victor Company ( JVC), which it purchased in 1953.
Matsushita was founded in 1918 and operated factories in Japan and AsiaThe continent of Asia is defined by subtracting Europe and Africa from the great land mass of Africa-Eurasia. The boundaries are vague, especially between Asia and Europe: Asia and Africa meet somewhere near the Suez Canal. The boundary between Asia and E through the end of World War IIWorld War II was the most extensive and costly armed conflict in the history of the world, involving the great majority of the world's nations, being fought simultaneously in several major theatres, and costing tens of millions of lives. The war was fough, producing simple electrical components such as light fixturesThe incandescent light bulb uses a glowing wire filament heated to white-hot by electrical resistance, to generate light (a process known as thermal radiation). The bulb is the glass enclosure which keeps the filament in a vacuum or low- pressure noble ga, motorThe adjective motor refers to a motoneuron. A motor is a device that converts energy into mechanical power, and is often synonymous with engine. The name is used by automakers ( Ford Motor Company, General Motors, etc. although this may also refer to thes, and electric ironsIroning or smoothing is the work of using a heated tool to remove wrinkles from washed clothes. The common tools for this purpose are called "irons", though modern designs are no longer made of iron. Ironing works by loosening the bonds between the long-c.
In 1951Events January events January 9 United Nations headquarters officially opens ( New York City). January 15 Ilse Koch, The "Witch of Buchenwald," wife of the commandant of the Buchenwald concentration camp, is sentenced to life imprisonment in a court in We, Konosuke Matsushita traveled to the United StatesThe United States of America also referred to as the United States U. America ¹ or the States is a federal republic in central North America, stretching from the Atlantic in the east to the Pacific Ocean in the west. It shares land borders with Canada in and met with American dealers. Matsushita began producing cheap television sets for the U.S. market under the Panasonic brand name, and signed a cooperative venture with Philips the following year in order to incorporate more advanced Western technologies into its products.
The company used the National trademark in outside of North America during the 1950s and 1960s to much success. It sold televisions, radios, and home appliances in some markets. The company began opening manufacturing plants around the world. It quickly developed a reputation for well-made reliable products.
During the 1970s, Matsushita expanded further in the U.S. market, purchasing Quasar from Motorola in 1986 and purchasing MCA-Universal in 1989. The company became a major target of anti-Japanese sentiment among workers in the United States. However, the Japanese stock market crash of 1989– 1990 caused Matsushita's international power to wane: the company sold many of its foreign assets in the 1990s, including Universal (to Edgar Bronfman, Jr. of Seagram's).
In recent years the company has been involved with the development of high-density optical disc standards intended to eventually replace the DVD.
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