Skyworth, a publicly owned company headquartered in China, was founded in 1988. The company employs approximately 230 individuals and reported $9.1B in revenue as of 2024. It specializes in consumer electronics, functioning as a Shenzhen-based manufacturer of TVs and set-top boxes (STBs).
Panasonic transferred its television production division to Skyworth on March 3, 2026, marking a shift where the Panasonic brand will remain but operational management of the TV business will transfer to the Chinese company. This development follows an in-depth strategic partnership formally announced on March 2, 2026, at the Panasonic Brand Conference in Munich, Germany, which Skyworth TV President Zhang Hongjun attended. Previously, on March 1, Skyworth agreed to take over Panasonic’s North American and European sales operations, a move aimed at boosting Skyworth's television business.
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