Matsushita Electric Industrial Co., Ltd., now known as Panasonic Corporation, is a Japanese multinational electronics company founded in 1918 by Kōnosuke Matsushita. The company initially started by producing light sockets and has since expanded into a wide range of consumer electronics, home appliances, and industrial equipment. Matsushita is recognized for its innovative products, including televisions, audio equipment, and batteries. Over the years, it has grown to become one of the largest electronics manufacturers in the world, contributing significantly to the development of technology and consumer goods globally.