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Sharp rumored to spinoff its smartphone LCD division

Sharp might spinoff its smartphone LCD division, but is still considering its reorganization options.

@anthony256
Anthony Garreffa
Published Mon, Apr 6 2015 12:38 AM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Sharp hasn't been doing too well in the smartphone LCD market, with the likes of Samsung and LG dominating it. So the news of the company continuing its financial issues, and the possibilities of spinning off its LCD division shouldn't come as too much of a surprise.

Sharp rumored to spinoff its smartphone LCD division | TweakTown.com

Sources close to Nikkei, Reuters and The Wall Street Journal are all reporting that Sharp is very close to spinning off its LCD division, something that would happen during Sharp's current fiscal year (in the next 12 months). The WSJ says that it could be announced before Sharp begins its restructuring plans in May.

If the rumors do end up being true, it goes to show just how hard the smartphone display market business is, especially with South Korea utterly dominating it right now.

NEWS SOURCE:engadget.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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