m a partnership to develop and promote the new Firefox OS, an open platform based on HTML5 and other Web technologies, for next generation smart TVs. Panasonic Corp. would set up a company to sell electricity generated by solar power with Epco Co. In 2014, Panasonic to Begin selling tablets in India. Panasonic Corp. and Tesla Motors Inc. to build plant in the United States to make batteries for electric vehicles. In April 2014, Fujitsu Ltd. and Panasonic Corp. will merge their operations to design and develop system large-scale integrated circuits as early as this autumn. In April 2014, Fujitsu Limited, Panasonic Corporation, and Development Bank of Japan Inc. (DBJ) have signed a memorandum of understanding in which DBJ would make an investment and provide a line of credit for a new fabless company specializing in system LSI design and development which Fujitsu and Panasonic will jointly establish. In April 2014, Skyworks Solutions Inc. announced the creation of a joint venture with Panasonic Corporation to design, develop and deliver high performance filters including surface acoustic wave and temperature compensated SAW devices. In July 2014, Skyworks Solutions Inc. had agreed to create a 66/34 joint venture with Panasonic Corp. for the production of high performance filters. In July 2014, Fujitsu Limited, Fujitsu Semiconductor Limited, Panasonic Corporation, and Development Bank of Japan Inc. (DBJ) announced that the parties have signed a definitive agreement to establish a new fabless-type company to design and develop system LSI. In August 2014, Panasonic Corporation and Tesla Motors, Inc. have signed an agreement for the construction of a battery manufacturing plant in the US, known as the Gigafactory. History The company was founded in 1918. It was incorporated in Japan in 1935 under the laws of Japan. During the 1950s, the company expanded its operations by establishing mass production and mass sales structures to meet increasing domestic demand, while also creating subsidiaries, making acquisitions and forming alliances. During the 1960s, it expanded its overseas businesses, and its products started obtaining worldwide recognition. Since the 1990s, the company has been emphasizing technological development and the use of advanced technology in every phase of life. The company was formerly known as Matsushita Electric Industrial Co., Ltd. and changed its name to Panasonic Corporation in 2008.
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