Most Viewed Content:

Huawei Enjoy 70z phone released with 6000mAh large battery

Huawei Enjoy 70z phone started pre-sale today, equipped with...

The latest Beta 4 version of iOS 16 features the iPhone 14 Pro rest screen display

In Apple's just announced earnings report, net profit, and...

Audi wins first instance, NIO bans use of ES6 and ES8 names in Germany

Audi has won a copyright lawsuit against Chinese electric...

Sharp takes over Sakai Display, a key LCD plant, for nearly $300 million

Sharp announced Monday that it has turned liquid crystal display (LCD) major Sakai Display Products (SDP, Sakai City) into a wholly owned subsidiary for about $296 million.

Sharp previously held a 20% stake in SDP, which produces large display panels for TVs in Sakai City near Osaka. The company acquired the remaining shares from a Samoan investment company in an 11.45-to-1 stock transaction (share swap).

SDP is a manufacturer of large liquid crystal panels used in televisions. Sharp hopes to boost sales in the North American market by buying back SDP, which was transferred during the business crisis.

Sharp took over Sakai Display, a key LCD factory, for nearly $300 million

SDP was once a consolidated subsidiary of Sharp, but was later operated jointly with Taiwan’s Hon Hai Precision Industry Co. and became an equity method company.

At the management briefing after the shareholders’ meeting in June, Sharp’s chief executive officer (CEO) Bo-Hsun Wu said on the role of playing SDP, part of which will be shifted to automotive and computer-oriented products to gain new areas and customers, thus stabilizing performance.

Sharp said the offering diluted Hon Hai Precision’s stake in Sharp to 49.5 percent from 52.6 percent, the first time the company has fallen below the 50 percent mark since it acquired the Japanese electronics maker in 2016.

Whether Hon Hai Precision will continue to be considered Sharp’s parent company will be decided later based on factors such as board composition, Sharp said.

The Sakai plant is said to have started operations in 2009. An asset management company owned by Hon Hai founder Kuo later acquired a majority stake in SDP as Sharp was mired in a financial crisis, and sold those stakes in 2019. Sharp saw the acquisition as an opportunity to start increasing its small- and medium-sized panel production to improve profitability.

Latest

BYD Song Pro / PLUS DM-i Honor Edition will be launched in early March

Bitauto reported that BYD Song Pro DM-i Honor Edition...

Polestar 3 announces mass production, positioned as pure electric SUV

Polestar announced today that Polestar 3 has started mass...

Nothing Phone (2a) with Fresh Eyes concept design to release on March 5th

Nothing Phone (2a) announced that it will be released...

Google Pixel Fold 2 rendering: 6.4-inch outer screen, 7.9-inch inner screen

Source @OnLeaks recently shared a high-definition CAD rendering of...

Newsletter

Don't miss

BYD Song Pro / PLUS DM-i Honor Edition will be launched in early March

Bitauto reported that BYD Song Pro DM-i Honor Edition...

Polestar 3 announces mass production, positioned as pure electric SUV

Polestar announced today that Polestar 3 has started mass...

Nothing Phone (2a) with Fresh Eyes concept design to release on March 5th

Nothing Phone (2a) announced that it will be released...

Google Pixel Fold 2 rendering: 6.4-inch outer screen, 7.9-inch inner screen

Source @OnLeaks recently shared a high-definition CAD rendering of...

Samsung Galaxy A55 5G photos exposed: 50MP main camera, up to 12GB memory

Source Mukul Sharma recently tweeted, sharing real photos of...
Sana
Sanahttps://www.techgoing.com
TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

Polestar 3 announces mass production, positioned as pure electric SUV

Polestar announced today that Polestar 3 has started mass production in Chengdu, China. At the same time, the factory in South Carolina, the United...

Nothing Phone (2a) with Fresh Eyes concept design to release on March 5th

Nothing Phone (2a) announced that it will be released on March 5. The phone’s promotional slogan is “Fresh Eyes”, highlighting the concept of “eyes”...

Samsung Galaxy A55 5G photos exposed: 50MP main camera, up to 12GB memory

Source Mukul Sharma recently tweeted, sharing real photos of the Samsung Galaxy A55 5G phone and revealing the key specifications of the phone. According to...