Sources: Sharp to stop producing large LCD panels for TVs | News World

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NHK has learned that Japanese electronics maker Sharp has decided to stop producing all of its large liquid-crystal displays for televisions.

Sources had earlier said that production of some of the LCDs would cease. Now they say all.

The displays are made at a factory in Osaka Prefecture run by a subsidiary, Sakai Display Products. Sharp will no longer have a manufacturing hub in Japan after the lines shut down by September.

The move is aimed at turning the company around. Sharp wants to restructure its struggling LCD-panel business in the face of impending losses for a second year in a row.

The company expects a net loss of 10-billion yen, or 64 million dollars, for the fiscal year that ended in March. The previous year’s figure exceeded 260 billion yen, or nearly 1.7 billion dollars.

Market conditions for LCD panels for TVs are sluggish amid fierce competition from Chinese and South Korean manufacturers. Growth in demand has also leveled off after many consumers upgraded their TV sets during the pandemic.

Sharp plans to include its restructuring plans in a new…

Source www3.nhk.or.jp

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