Sharp Corp. will seek the Japanese government's help to work with rival Japan Display Inc. and form "a Japan alliance" in organic light-emitting diode technology to better compete with South Korean rivals Samsung Electronics Co. Ltd. and LG Display Co. Ltd.
Citing Sharp President and CEO Jeng-Wu Tai's address to reporters at the Tokyo Stock Exchange after the company returned to the main bourse of the exchange, Reuters reported Dec. 7 that the two Japanese companies plan to start producing OLED panels in 2018 or later.
Samsung already supplies the new type of panels to smartphone vendors worldwide and LG Display does the same to television set makers, according to the report. LG Display in July said it will invest US$7 billion more on OLED production.
The news agency added that Sharp also plans to contact the government for a potential investment in JOLED Inc., an affiliate of Japan Display, which sold its inaugural batch of OLED screens to Sony Corp. on Dec. 5.
Earlier this year, Sharp said it is looking to invest US$878 million to expand its OLED production. The company and its Taiwanese parent, Hon Hai Precision Industry Co., Ltd., in January were reported to be considering building an OLED factory in China.