The story
Mitsubishi Electric announced a major restructuring of its activities in the United States in October 1998, including the closure of its Astronet Corporation subsidiary and cellular mobile telephone unit, and a focusing on its digital television, computer hardware and building systems activities.
In June 2000, Mitsubishi Electric and NEC Corporation announced that they would combine their U.S. monitor manufacturing and marketing operations into a new 50:50 joint-venture company, NEC-Mitsubishi Electronics Display of America.
In May 2003, Mitsubishi Electric Power Products Inc. opened a new 50,000-square-foot (4,600 m2) headquarters and manufacturing facility in Warrendale, Pennsylvania.
In May 2011, Mitsubishi Electric announced that it would exit the 65-inch (1,700 mm) and smaller categories of consumer television products in the U.S. and forming a new company based in Irvine, California, Mitsubishi Electric Visual Solutions America Inc., to focus on large-screen visual systems.
In April 2013, Mitsubishi Electric Power Products, Inc. opened a 350,000 square-foot power transformer factory in Memphis, Tennessee, built at a cost of $200 million. and shipped its first transformer in December 2014.
In April 2014, Mitsubishi Electric formed the Visual and Imaging Systems Division to market and support display walls and imaging products. Mitsubishi Electric US ceased the sale of photovoltaic modules in the U.S. in 2017.
In January 2018, the company acquired the power device distribution business of Powerex, Inc., a joint venture of Japan-based Mitsubishi Electric Corporation and General Electric Company, and rolled it into its Semiconductor Division, which was renamed the Semiconductors and Devices Division. That month, Mitsubishi Electric also announced an agreement to enter into a 50-50 joint venture with Ingersoll-Rand to market, distribute, and support zoned comfort solutions and variable refrigerant flow systems in the U.S. and select countries in Latin America.
In December 2019, Hyosung Heavy Industries announced that it would purchase Mitsubishi's transformer factory in Memphis for USD 46.5 million.
From Wikipedia’s article on Mitsubishi Electric United States, shared under CC BY-SA 4.0.4