Quick Note: Sony and Sharp Call it Quits on LCD Joint Venture
May 25, 2012 1:22 PM
comment(s) - last by
Sharp Display Products to regain 100% control after sale
Sony and Sharp announced this week that their joint venture in producing and selling large-size LCD panels and modules will terminate. Sony will sell its shares in Sharp Display Products Corporation back to SDP. Sony owns about 7.04% of all stock issued in the company.
In exchange for selling the shares back to Sharp, Sony will get cash equal to its original investment of ¥10 billion.
The return of the stock and the cash payment to Sony will be completed by the end of June 2012. Sony made the original ¥10 billion investment in December of 2009, and at that point Sharp Display Products became a joint venture between Sharp and Sony.
Sharp expects no material impact on its financial forecast for the fiscal year ending March 31, 2013. Sony also expects no material impact on its own financial forecast set to end the same month.
Sharp Display Products already holds 92.96% of all stock in the company and purchasing Sony shares will bring its ownership up to 100%.
This article is over a month old, voting and posting comments is disabled
5/25/2012 2:37:23 PM
There has been much speculation that Apple is highly interested in Sharp's IGZO process for it's high resolution iPad3 screen (as a means of increasing transmission efficiency, reducing the number of backlights, reducing the temperature, and reducing the size of the battery).
This sounds like a perfect opportunity for Apple to step in with a $1b of their own to secure a supply of these screens.
RE: Calling Apple?
5/26/2012 12:32:02 PM
Generally speaking, it's a bad idea for a company which sells finished products to own the parts manufacturers. It means you're beholden to one supplier for that part. If Apple owned part of Sharp's LCD production, they'd be financially obligated to use it even if it didn't produce the best panels.
Apple is better off doing what they do now. Scour the parts landscape for the best suppliers, and contract with them for a limited run of production. Next year, a different supplier may have better parts or a better price, and Apple is free to switch to them.
(Yes I'm aware Samsung contradicts what I just said. They're an exception though, and even they use some outsourced parts. Most finished product companies have switched to the outsourcing business model I just described. The days when Ford built every part of the car are long gone.)
“And I don't know why [Apple is] acting like it’s superior. I don't even get it. What are they trying to say?” -- Bill Gates on the Mac ads
4/16/2014 Hardware Reviews
April 16, 2014, 9:01 AM
Quick Note: Kingston's 1 TB USB Stick Hits $899 on Lightning Deal
April 15, 2014, 3:35 PM
4/15/2014 Hardware Reviews
April 15, 2014, 11:30 AM
4/11/2014 Hardware Reviews
April 11, 2014, 11:03 AM
Global PC Shipments Declined 1.7 Percent in Q1 2014
April 10, 2014, 9:58 AM
Intel Previews Devil's Canyon Chip, "Black Book", and Broadwell
March 21, 2014, 8:15 AM
Most Popular Articles
Cities to Carpoolers: Sharing Your Car is Illegal, We Will Seize Your Cars
April 4, 2014, 9:17 PM
Taiwan's AOU Claims to Have World's Highest-Res. OLED Smartphone Display
April 11, 2014, 1:44 PM
iPad Exploiter is Freed by Federal Appeals Court
April 11, 2014, 7:40 PM
It's Very Likely Neanderthals and Humans Had Sex, Produced Offspring
April 10, 2014, 8:40 PM
A-10 Warthog May Live to Fight Another Day with Support from Lawmakers
April 14, 2014, 9:41 AM
Latest Blog Posts
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information