Shrinking Sharp ready to sell LCD business

Just months after Hisense purchased the US business off Sharp Corporation, Foxconn Electronics appears poised to buy Sharp’s LCD business and is also looking to seek funding from Apple to make the move. According to a report from Japan-based Nikkei, Sharp may seriously be considering offloading its unprofitable LCD business.

Sharp US takeover makes progress

Sharp US will be moving its sales and marketing functions from its New Jersey offices to Hisense’s offices in Suwanee, as the two technology giants prepare for the January takeover of the Sharp US TV business.

Hisense gobbles Sharp US… are we next?

Sharp America has sold its TV assets to Chinese TV manufacturer Hisense, in a move which sets the stage for the major realignment of the global television industry. On Friday, July 31 Hisense confirmed the purchase of “all equity and assets of Sharp’s TV factory in Mexico for US$23.7 million with rights to use the Sharp brand name and all its channel resources in both North and South American regions.”

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