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Company News >> Sharp Sharp or glass LCD panel business 5th,July,2017

The US media quoted sources informed that the continued loss of Japanese electronics company Sharp is seeking to divest its LCD panel business, and plans to support the Japanese government investment funds to seek assistance.

Data show that Sharp strives to divest the business mainly produces smart phones with small and medium size LCD display. Despite the continued growth in demand for the display, Sharp has been difficult to compete with domestic competitors such as LG monitors and other domestic competitors, as well as Japanese display companies.

It is reported that Sharp is seeking the Japanese Industrial Innovation Agency (INCJ) financial support, which is the Japanese government to support its own electronics industry in 2009 to set up investment institutions, the current by the national economy, trade and industry supervision. Prior to the agency had invested in the Japanese display company. It has been reported that Sharp hopes that the Japanese industrial innovation institutions can invest at least 100 billion yen (about 840 million US dollars).

A Sharp spokesman said the company is considering a variety of restructuring programs, but so far has not yet made any decision.

Sharp in February this year, has issued a profit warning, is expected in the same quarter in March 2015 the loss of 30 billion yen (about 260 million US dollars), which means that the company will appear in the past four years the third annual net loss The Sharp is currently considering a drastic reform, is expected in May announced a new management plan.