Konosuke Matsushita, an inventor who founded of Matsushita Electric Industrial Co., one of the world's largest manufacturers of consumer electronics, died of pneumonia Thursday, a hospital official said. He was 94.

Matsushita had been in poor health and was admitted to Matsushita Memorial Hospital in Osaka on April 5 for treatment of a cold, a company official said.Quitting school at age 10 to go to work, Matsushita remained faithful to the values he learned growing up as the youngest of nine children in Wakayama in western Japan.

He built his global electronics empire from an electric socket business he began in 1918.