Sharp CEO says in talks with several firms about LCD business


Ongoing talks: Sharp is currently in negotiations with multiple companies about its LCD business, said its CEO.

TOKYO: Sharp Corp said it was in talks with several companies about its LCD business, as the embattled Japanese firm comes under pressure from its banks to find a partner for the loss-making division. 

Despite a US$1.7bil (RM7.30bil) rescue in May, its second major package in three years, persistent losses have meant Sharp is struggling to make the investments it needs to keep its screen business competitive. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Microsoft's AI lead puts Amazon cloud dominance on watch
TE Connectivity beats quarterly profit estimates on sensor demand
UK watchdog seeks views on Microsoft's and Amazon's AI partnerships
Texas Instruments' upbeat Q2 forecast pushes chip stocks higher
Italy fines Amazon over ‘recurring’ purchase option
Taiwan chipmaker UMC warns of muted auto, industrial demand
Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears
TikTok ban looms with Biden poised to start 270-day countdown
Computer-generated fake nudes discovered by victims on the Internet, Florida cops say
SK Hynix to invest $3.86 billion in DRAM chip production base in South Korea

Others Also Read