NEWSWORTHY

/ Dec 14, 2016

Hon Hai, Sharp to halt LCD TV panel supply to Samsung in 2017

Taiwan's Hon Hai Precision Industry Co. and its Japanese subsidiary Sharp Corp. will stop supplying liquid crystal display panels for televisions to South Korea's Samsung Electronics Co. from next year, industry sources said Wednesday. Hon Hai and Sharp are planning to shift supply of the ...

Panasonic pulls plug on LCD TV panels in Japan

/ May 31, 2016

Panasonic pulls plug on LCD TV panels in Japan

Panasonic Corp. has decided to withdraw from TV panel production amid fierce competition from foreign rivals, in particular in China and South Korea, company sources said Tuesday. The Osaka-based company will end production at its sole liquid crystal display plant in the city of Himeji, ...

/ Jan 12, 2016

Sharp to seek additional financial assistance from creditor banks

Sharp Corp. is planning to ask its major creditor banks for ¥150 billion in additional assistance, in line with a rehabilitation plan under a government-backed corporation turnaround fund, sources said. Under the restructuring plan of the Innovation Network Corp. of Japan, the struggling electronics manufacturer ...

Dec 9, 2015

Sharp set to spin off LCD unit in deal with Japan Display

Sharp Corp. is closer to spinning off its struggling liquid crystal display business and integrating the unit into rival Japan Display Inc. in a state-backed deal, sources said Tuesday. Main lenders for the electronics maker have entered final talks with public-private fund Innovation Network Corporation ...

/ Dec 2, 2015

Sharp considers downsizing struggling LCD business

Electronics maker Sharp Corp. is considering shrinking its struggling liquid crystal display business to prepare for possible partnership with government- and private-sector funded Japan Display Inc., sources have said. Sharp is mulling downsizing production of 32-inch TV panels at its mainstay Kameyama plant and gradually ...

/ Sep 25, 2015

Sharp to log operating loss in first half of FY 2015

Struggling electronics maker Sharp Corp. expects a group operating loss in the first half of fiscal 2015 as weak smartphone sales in China took their toll, company sources said Friday, a downgrade of its May projection for a ¥10 billion operating profit. In a statement, ...