Displays

Sharp in Talks to Sell LCD Business

19 November 2015

Faced with persistent losses to its liquid crystal display (LCD) business, Sharp Corp. is in talks to sell either all or a portion of its display business.

Despite a $1.7 billion rescue in May—the second major bail out of the Japanese electronics vendor in three years—Sharp has continued to keep its struggling LCD business competitive and now its main lenders are calling on the company to exist or divest portions of its business in the next few months, according to a report from Reuters.

During the company’s latest earnings conference call, Kozo Takahashi, CEO of Sharp, says the company is currently in negotiations with multiple companies, but refused to provide any names.

Potential companies interested in Sharp’s LCD unit could include Hon Hai or even rival Japan Display Inc.

Sharp’s LCD division had an operating loss of $105.2 million during its latest quarter and is forecast to lose about $248 million this year.

Questions or comments on this story? Contact engineering360editors@ihs.com

Related links:

www.sharp.com

IHS Displays

News articles:

TV Display Panel Problems to Continue into 2016

Chinese TV Makers Pull Back on Panel Purchasing Plans

Falling Profit Margins Create Problems for Large-Area TFT LCD Makers

Displays for a New Generation of Electronics



Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Advertisement
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Advertisement