Most Viewed Content:

Kodi 20 Nexus Launched with AV1 Hardware Decoding and PipeWire Multimedia Server

Kodi is a free, open source and cross-platform home...

OnePlus debuts its first Pad: 11.6-inch large screen and all-metal body

OnePlus officially announced that it will release its first...

Samsung gives 980 users affected by the 0E incident a new 980 PRO disk for free

The article attracted a lot of attention and was...

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

MSI Announces Linkage with Mercedes-Benz AMG Team

MSI yesterday announced its alliance with the Mercedes-AMG Team...

Xpeng Auto: former general manager of GWM, appointed as company president

Ms. Wang Fengying has officially joined Xpeng Auto as...

The RMB 160,000 Model Q is coming? Tesla confirmed the news to be a false news

Tesla has confirmed that it is developing a new...

Lenovo’s new generation of Legion laptops use overclocked memory with DDR5-6000 support

Lenovo's upcoming Legion laptop this year will feature overclocked...
spot_img

Newsletter

Don't miss

MSI Announces Linkage with Mercedes-Benz AMG Team

MSI yesterday announced its alliance with the Mercedes-AMG Team...

Xpeng Auto: former general manager of GWM, appointed as company president

Ms. Wang Fengying has officially joined Xpeng Auto as...

The RMB 160,000 Model Q is coming? Tesla confirmed the news to be a false news

Tesla has confirmed that it is developing a new...

Lenovo’s new generation of Legion laptops use overclocked memory with DDR5-6000 support

Lenovo's upcoming Legion laptop this year will feature overclocked...

Ford recalls more than 460,000 vehicles worldwide with blue screen issue

Ford has announced a worldwide recall of 462,000 vehicles...
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.
spot_imgspot_img

Samsung Galaxy S23 series more protective cases revealed: transparent, silicone and flip cover

More official Samsung Galaxy S23 series case colors and design renders have been leaked. They show the clear case, colored silicone case and S-View...

Meta to update Messenger: opening up end-to-end functionality to more users

Meta recently teased an update to Messenger that will introduce a number of new features to the app's end-to-end functionality including chat themes, custom...

Tesla to invest $3.6 billion in two plants for production of electric heavy trucks Semi

U.S. electric car maker Tesla confirmed on Tuesday that it will build a new factory in northern Nevada dedicated to the production of the...