Sharp Corp to spend $570 million on OLED screen business

News Hour:

Japan’s Sharp Corp said it will spend $570 million on its organic light-emitting diode (OLED) screen business – one of its first major investments since it was taken over by Taiwan’s Foxconn although the amount pales in comparison to efforts by South Korean rivals.

Manufacturers of consumer and other electronics are gradually shifting towards OLED screens which are generally thinner and are more flexible than liquid crystal display (LCD) screens, reports Reuters.

Sharp said it will invest in pilot production lines at its plants in Osaka and in Mie prefecture, western Japan, which are due to start between April and June 2018.

Sharp flexible OLED display

Sharp flexible OLED display

Sharp is hoping to team up with its domestic rival Japan Display Inc on OLED displays, the Nikkei business daily reported last month, quoting new CEO Tai Jeng-wu.

Foxconn, formally known as Hon Hai Precision Industry Co Ltd , secured control of Sharp last month in a deal that gives its access to the Japanese firm’s advanced screen technology and which is likely to help strengthen its pricing power with major client Apple Inc.

South Korean rivals have bet heavily on the technology over the last two years. LG Display Co Ltd said last year it would invest 10 trillion won ($9 billion) in a new plant to make the ultra-thin panels. Samsung Display, an unlisted unit of Samsung Electronics Co Ltd that’s the largest maker of OLEDs for smartphones, is investing 4 trillion won by 2017 in an OLED production line. Research firm IHS has forecast that shipments of OLED smartphone panels will overtake LCDs in 2020.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Sacred Games exposes Rajshri Deshpande nude [video]
Banglalink and Facebook jointly launched the campaign "Learn More, be More"
SRK as Satyajit Ray! Here is the truth behind the poster
Anurag Kashyap shoots Kubra Saith 7 times nude and made her cry for frontal nudity scene [Video]
Samsung launches Victory day campaign “Haater Muthhoy Bijoy Ullash” in Bangladesh
Grameenphone brings in the iPhone 11 series in Bangladesh

Advertisement

News of the Month

September 2016
S M T W T F S
« Aug   Oct »
 123
45678910
11121314151617
18192021222324
252627282930  
Scroll Up
%d bloggers like this: