Sharp to make cutting-edge LCDs in China

Jun 26, 2013
This file photo shows Sharp LCD products displayed at the Consumer Electronics Show in Las Vegas, on January 9, 2009. Troubled Japanese electronics giant is to produce cutting-edge LCD panels for smartphones in a Chinese joint venture from as early as 2015, according to a report.

Troubled Japanese electronics giant Sharp Corp is to produce cutting-edge LCD panels for smartphones in a Chinese joint venture from as early as 2015, a report said on Wednesday.

Sharp will provide its prized IGZO panel technology to a new Nanjing factory being built by local giant Nanjing China Electronics Panda Group, the Nikkei newspaper said.

Sharp will receive tens of billions of yen (hundreds of millions of dollars) in licensing fees for sharing its energy-efficient and high-quality IGZO, the newspaper said.

Some of the funds would go towards acquiring a nearly 10 percent stake in the plant operator, it said.

The factory will be able to churn out the equivalent of five million panels for 10-inch per month, the Nikkei said.

Sharp will obtain the right to purchase up to half the output, it said.

The deal marks a shift from closely guarding its technologies by handling everything from development to production in-house, the Nikkei said.

Sharp has been going through a massive restructuring programme to rebuild itself, as it continues to suffer huge losses that have threatened its survival.

Along with job and salary cuts, the company has also inked capital tie-up deals with foreign firms including South Korea's Samsung Electronics and US-based Qualcomm.

Sharp declined to comment on the report.

Explore further: EU Parliament votes to break up Google

add to favorites email to friend print save as pdf

Related Stories

Japan's Sharp in TV tie-up talks with Lenovo

Jan 17, 2013

Shares in struggling Japanese electronics maker Sharp shot up 7.30 percent on Thursday on reports it is in talks with Chinese computer giant Lenovo Group to work together on the production of televisions.

Samsung set to buy 3% stake in Sharp: report

Mar 05, 2013

South Korean electronics giant Samsung is set to buy a three-percent stake in struggling Japanese rival Sharp via a capital increase, a press report said Tuesday, a deal that would give Samsung greater access ...

Qualcomm to invest $120M in Japan's Sharp

Dec 04, 2012

Sharp Corp. says Qualcomm Inc. will become a shareholder with an investment of up to 9.9 billion yen ($120 million) that will fund joint development of new LCD screens for mobile devices.

Sharp shares soar in Tokyo on profit report

Jan 11, 2013

Sharp shares jumped nearly 13 percent in Tokyo trading on Friday after a Japanese media report said the embattled electronics giant logged an operating profit in the last quarter of 2012.

Recommended for you

EU Parliament votes to break up Google

17 hours ago

The European Parliament voted overwhelmingly for the break-up of Google Thursday in a largely symbolic vote that nevertheless cast another blow in the four-year standoff between Brussels and the US Internet ...

Toyota finds new air bag issue, recalls more cars

22 hours ago

Toyota Motor Corp. recalled more than 40,000 vehicles in Japan on Thursday as part of a worldwide scare over defective air bags and is investigating a new type of air bag problem that could lead to further recalls.

Netflix sues Yahoo CIO for alleged kickbacks

Nov 26, 2014

Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.