Struggling consumer electronics maker Sharp Corp. is considering turning to Fujitsu Ltd. to integrate mobile phone businesses to help recover its competitive edge in the communications field, according to the company's restructuring plan.
Through the integration, the two companies' combined share would have more than 30 percent of Japan's market, where it commanded the largest share for a long time. The tieup would serve as a way out of cutthroat competition with its Japanese peers and counter globally dominant foreign rivals like Apple Inc. and Samsung Electronics Co.
According to the restructuring plan submitted to financial institutions on Monday, Sharp plans to stick to the mobile phone business on its own for the time being.