If the collaboration bid succeeds they could quickly bridge the gap with their South Korean rivals, Samsung Display, a unit of Samsung Electronics.
The Nikkei business daily has reported that Sharp is itching to collaborate with its rival, Japan Display, so as to co-produce organic light-emitting diode (OLED) displays. This will help it catch up in technology with Japan’s South Korean rivals.
“Let’s gather all Japanese talents in liquid crystal displays, develop (the OLED technology) and jointly manage,” said Tai Jeng-wu, Sharp’s new CEO, in an interview to Nikkei.
Both companies are set to manufacture OLED panels in 2018 and lag far behind rivals such as Samsung Display, a unit of Samsung Electronics.