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Sakai Display Products Corp. said it will build a new 61.0 billion yuan ($8.8 billion) LCD plant in Guangzhou China (Canton). An agreement to develop the plant and a surrounding technology park with the Guangzhou government. The 10.5 generation manufacturing facility should see construction start this spring likely around March, with production in 2019.
The larger sheets of glass offered by the new generation of LCD panel manufacturing, should allow Sharp to regain a leading position in the LCD market a position it lost to South Korean Samsung and LG, due to lacking investment capacity and high cost level in Japan.
Sakai is a joint venture between Sharp and Hon Hai (also known as Foxconn), a large Taiwanese electronics production concern. Sharp itself was acquired by Hon Hai late 2015, and turned into a subsidiary. Hon Hai is now acquiring shares in Sakai from Sharp, acquiring 436,000 shares at 17.17 billion yen brought Hon Hai's share in Sakai to 26.7%.
Sharp was the first to start selling an 8K LCD display on October 30 2015. It has been developing the display for about a decade as part of the NHK-led UHDTV/Super-Hivision/8K programme. 8K and the larger panels, combined with the higher efficiency afforded by the new generation glass, should bring Sharp back to the forefront of the TV business. More of the Sakai production should be directed at Sharp.
Sharp just bought back its Polish assembly facilities and rights to the Sharp name by acquiring the holding company of Universal Media Corp. Slovakia s.r.o. to which it had sold its European business back in 2014. Paying around 85 million euros, for an 56.7% share, consolidating the business on February 10 2017.
Sharp is also looking to re-acquire its American TV business, which when struggling as an independent company, to Chinese HiSense. Since the end of 2015 HiSense owns the rights to the Sharp name for the America's and the Sharp assembly plant in Mexico. Launching its Sharp branded TVs at CES 2016.
However where Universal Media made losses of €1 million for the first half of this year, Hisense is aggressively targeting the US market, and has deep pocket to back its foray into the American market.
The larger sheets of glass offered by the new generation of LCD panel manufacturing, should allow Sharp to regain a leading position in the LCD market a position it lost to South Korean Samsung and LG, due to lacking investment capacity and high cost level in Japan.
Sakai is a joint venture between Sharp and Hon Hai (also known as Foxconn), a large Taiwanese electronics production concern. Sharp itself was acquired by Hon Hai late 2015, and turned into a subsidiary. Hon Hai is now acquiring shares in Sakai from Sharp, acquiring 436,000 shares at 17.17 billion yen brought Hon Hai's share in Sakai to 26.7%.
Sharp was the first to start selling an 8K LCD display on October 30 2015. It has been developing the display for about a decade as part of the NHK-led UHDTV/Super-Hivision/8K programme. 8K and the larger panels, combined with the higher efficiency afforded by the new generation glass, should bring Sharp back to the forefront of the TV business. More of the Sakai production should be directed at Sharp.
Sharp just bought back its Polish assembly facilities and rights to the Sharp name by acquiring the holding company of Universal Media Corp. Slovakia s.r.o. to which it had sold its European business back in 2014. Paying around 85 million euros, for an 56.7% share, consolidating the business on February 10 2017.
Sharp is also looking to re-acquire its American TV business, which when struggling as an independent company, to Chinese HiSense. Since the end of 2015 HiSense owns the rights to the Sharp name for the America's and the Sharp assembly plant in Mexico. Launching its Sharp branded TVs at CES 2016.
However where Universal Media made losses of €1 million for the first half of this year, Hisense is aggressively targeting the US market, and has deep pocket to back its foray into the American market.