Citing Japanese media reports, a source recently reported that Sharp plans to spin off its display business to a subsidiary. It will be called Sharp Display Technology or SDTC. Although the start date of the new company is October 1, Sharp’s website does not yet have information about its establishment.
The SDTC will be based in Kameyama, Japan. Sharp believes that having a separate company is advisable in terms of financing the development of microLED technology.
Last month Sharp acquired the JDI liquid crystal panel manufacturing plant located in Hakusan. The unused space at the plant is said to be dedicated to the development and production of microLED. This area equals the production area occupied by the production of LCD panels for Apple.
Sharp also plans to move the equipment from Kameyama to Hakusan. The plant in Kameyama will be converted to produce panels for cars and medical equipment.
Display production accounts for 30% of Sharp’s revenue.