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.)
"A lot of people pay zero for the cellphone ... That's what it's worth." -- Apple Chief Operating Officer Timothy Cook
Hackers Steal Roughly $1 Billion From Banks Using Malware RAT
February 17, 2015, 9:30 AM
NVIDIA Kills Mobile GPU Overclocking, Robs Customers Who Paid For It
February 16, 2015, 8:59 AM
Apple Offers Refurbished 5K Retina iMacs for $2,119 Online
January 16, 2015, 12:37 PM
SanDisk Unveils Pricey iXpand USB 2.0/Lightning Drive to Expand iPhone, iPad Storage
November 13, 2014, 2:29 PM
HP's 15.6" Omen Gaming Laptop is Incredibly Thin, Powerful
November 4, 2014, 10:34 AM
Tim Cook Touts Apple’s Product Portfolio, Performance in Letter to Employees
October 21, 2014, 8:05 AM
Most Popular Articles
Google Steps up Snub of Adobe Flash, Auto-Converting Flash Ads to HTML5
February 25, 2015, 6:16 PM
FCC Bans Data Discrimination, Defies Comcast, Adopting Net Neutrality Regulation
February 26, 2015, 4:03 PM
Windows 10 Adds USB 3.1 for Dual-Role Peripherals, External Display Support
February 27, 2015, 11:39 AM
StarDock Unveils Start10 Start Menu Replacement for Windows 10
February 25, 2015, 11:24 AM
Google Preps Pixel 2 ChromeBook, New X Server Replacement "Freon"
February 24, 2015, 11:12 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information