Sharp is going to spin off its display business, setting up a new subsidiary named “Sharp Display Technology” (SDTC) on October 1, 2020, reported The Sankei News. The new spinoff will focus on novel display technology particularly Micro LED.
(Image: LEDinside)
By establishing SDTC, Sharp plan to collect more external funds for Micro LED development, which will support the company to join the competition of next-gen display technology that currently ruled by Sony, Samsung and other competitors. It was revealed in August that Sharp has built Micro LED panels that are less than 1 inch for AR/VR smart glasses.
Headquarter of the new company SDTC will locate in Sharp’s Kamayama Office with Taimi Oketani appointed as chairman. The Foxconn Group will also appoint two managing directors.
Sharp is likely to utilize its newly acquired Hakusan Plant from JDI for Micro LED technology development.
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