Toshiba, Matsushita to spend $140 mln on OLED output



TOKYO, July 22 (Reuters) - Japan’s Toshiba Corp (6502.T: Quote, Profile, Research) and Matsushita Electric Industrial Co Ltd (6752.T: Quote, Profile, Research) said on Tuesday they will mass produce next-generation organic displays, spending roughly $140 million to cash in on the growing market for the ultra-thin screens.