Sharp will provide the business of producing screens for smartphones and tablets into a separate company

Sharp will provide the business of producing screens for smartphones and tablets into a separate company

Japanese Sharp Electronics continues to experience serious problems with making a profit. The company continues to look for ways out of this situation, and in the current fiscal year, Sharp can highlight your business for the production of displays for smartphones and tablets into a separate company.

This was told by the Japanese edition of the Nikkei Business Daily, journalists who made it clear that, highlighting their business into a separate company, Sharp expects to attract investment state fund Network Corporation of Japan (INCJ), which plans to invest in it about 840 million dollars.

At the same time the Japanese manufacturer plans to retain control of the business. And Sharp Electronics has not yet made a final decision on the fate of the division, which accounts for about a third of all sales of Sharp.

In addition, analysts believe that Sharp can combine your business for the production of displays with Japan Display, which would allow the company to maintain a competitive cost of production. But Head of Sharp for the production of displays Norikazu Hohshi said that the division should stay independent.

Sharp will provide the business of producing screens for smartphones and tablets into a separate company updated: April 6, 2015 author: John Malkovich