Jiji PressSAKAI (Jiji Press) — Tai Jeng-wu, president of Japanese electronics maker Sharp Corp., has expressed his willingness to provide support for struggling Japan Display Inc.
In an interview with Jiji Press on Thursday, Tai said that Sharp cannot form a merger or make direct investments, as such action would violate the Antimonopoly Law.
But “there are many ways” to provide support, he said.
Tai said he is confident that Japan Display, a major manufacturer of small and midsize liquid crystal display panels, will be able to rebuild itself if Sharp helps.
He emphasized that his company’s assistance would enable Japan Display to return to the black.
Tai said Sharp and Japan Display should pair up to create a Japanese alliance capable of competing effectively with Chinese and South Korean LCD panel manufacturers.
He added that such an alliance would become even stronger if LCD manufacturing equipment makers and material producers join.
Tai said that what Hon Hai Precision Industry Co., the Taiwanese contract electronics manufacturer that controls Sharp, fears most is that LCD technologies fall into the hands of Chinese manufacturers if they invest in Japan Display.
Tai said that if Sharp leads Japan Display’s restructuring, this will not happen.
Sharp regards products relating to 8K ultrahigh-definition technology as a pillar of business expansion, aiming to earn more than ¥300 billion in sales in fiscal 2020.