Leading vehicle manufacturers across the world are racing to transform transportation technology with increased usage of electronics and displays. With this investment, Sharp is gearing up to tap this explosive growth.
In a strategic move, Japan’s Sharp has stated that it will further plough in $567.81 million (57.4 billion yen) in its organic light-emitting diode (OLED) business, as part of a shift to produce displays for the use in automobiles, smartphones and flat-screen televisions.
According to the company, the fresh infusion of capital will take place between April to June 2018.
Sharp has clarified that the investment will not have any impact of the company’s financial results in this financial year ending on March.