Sharp and Fujitsu Announce Agreement on Transfer of Fujitsu's LCD Business

Feb 07, 2005

Sharp Corporation and Fujitsu Limited today announced that they have entered into a basic agreement regarding the transfer of Fujitsu's liquid crystal display (LCD) operations to Sharp. The agreement calls for Fujitsu to transfer to Sharp the LCD research and development, manufacturing and sales operations of its consolidated subsidiary, Fujitsu Display Technologies Corporation (FDTC), along with related R&D equipment at Fujitsu Laboratories Ltd. As a result of the transfer, Sharp is expected to take on FDTC's personnel and Yonago Plant in Tottori Prefecture, as well as Fujitsu Laboratories' personnel involved in FDTC-related R&D, and related intellectual property rights held by the Fujitsu Group. Sharp and Fujitsu are now discussing details of a definitive agreement, which they expect to complete in March.

Starting with the successful introduction of a calculator with the world's first practical LCD unit in 1973, Sharp has for more than 30 years pursued LCD development under the banner of "one-of-a-kind" technology and created numerous pioneering LCD products, such as the AQUOS line of LCD televisions. In January 2004 the company began integrated production of large-screen LCD televisions - from panels through completed television sets - at its Kameyama Plant in Mie Prefecture, and in January of this year it decided to build a second production facility at the Kameyama site to support its aim of strengthening its position as the world leader in LCD televisions and LCDs overall.

In the small and mid-size LCD segment, responding to vigorous demand for pplication in mobile phones and game consoles, as well as in automotive and other new fields, Sharp has expanded its production organization centering on its Taki Plant in Mie Prefecture. The planned transfer will further expand Sharp's development and production capabilities in the small and mid-size LCD segment. bIn addition, by enhancing its ties with Fujitsu as a key supplier of LCD devices, Sharp will further reinforce its LCD business foundation.

Fujitsu, through FDTC, has been producing high-resolution, high-image-quality LCD displays primarily for use in PC monitors. In particular, Fujitsu's original technology for large-screen LCDs requiring superior image quality has become the industry standard, and the company has leveraged that technology leadership in developing its LCD business. However, in light of the situation in the LCD market, Fujitsu has determined that the best way to realize the full potential of this business is by transferring it to the leading company in LCDs, Sharp.

Fujitsu's business centers on providing customers with comprehensive solutions comprising highly reliable, high-performance products and services based on powerful information technologies. The agreement announced today is expected to help enable Fujitsu to further consolidate and effectively allocate its resources in order to strengthen its business.

Explore further: Impoverished North Korea falls back on cyber weapons

add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Impoverished North Korea falls back on cyber weapons

7 hours ago

As one of the world's most impoverished powers, North Korea would struggle to match America's military or economic might, but appears to have settled on a relatively cheap method to torment its foe.

Five ways to make your email safer in case of a hack attack

8 hours ago

The Sony hack, the latest in a wave of company security breaches, exposed months of employee emails. Other hacks have given attackers access to sensitive information about a company and its customers, such as credit-card ...

2012 movie massacre hung over 'Interview' decision

8 hours ago

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

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.