Cash-Strapped Sharp Eyes Spinoff Of Mobile Display Unit Amid Fierce Competition
A Sharp spokesperson has indicated to Reuters
If Sharp spins off its display business, a Japanese government-backed group, Innovation Network Corporation of Japan (INCJ) might step in with an investment of as much as 100 billion yen. The purpose of the INCJ is to promote the competitiveness of Japanese tech companies globally.
Sharp has struggled with falling LCD panel prices and competition from INCJ-backed Japan Display, which also makes mid-size displays and displays for smartphones. Sharp will likely need to firm up its decisions by May.