32322
Japan Fund Likely to Help Sharp's Revival
Economy, Sci & Tech

Japan Fund Likely to Help Sharp's Revival

A Japanese state-backed fund has emerged as the most likely investor in Sharp Corp. with plans to overhaul the company's broad consumer electronics business, not just its ailing smartphone display operations, sources said. Innovation Network Corporation of Japan had previously been considering investing in Sharp's display unit with the intention of merging it with rival Japan Display, in which the fund is the top shareholder, sources said in recent months, Reuters reports. But the fund is now also considering financing, along with restructuring plans for the overall business, including a possible merger of the consumer electronics unit with Toshiba Corp.'s equivalent operations, sources with direct knowledge of the matter said. Japan's government is backing the fund's plans as a way to help the domestic consumer technology industry. Manufacturers such as Sharp in the past decade have lost cachet and market share to Apple, Samsung and other more nimble rivals.

 

Short URL : http://goo.gl/UCZlN5
  1. http://goo.gl/oxx4zn
  • http://goo.gl/KsEOzi
  • http://goo.gl/jOEoWB
  • http://goo.gl/ChAqn4
  • http://goo.gl/Dw2tM8

You can also read ...

US Looking East After Fining Europe Over Iran Business
The US effort to put Iran in a financial bind meant European...
Proses has offered to explore a possible SISP at the world class Mehdiabad zinc (lead and silver) project in Iran where it has a role in development planning.
British mining and mineral processing technology company...
Iran’s Corruption Perceptions Index Improves
Iran’s score based on the Corruption Perceptions Index...
Depending on Iran’s progress in completing its action plan, FATF will take further steps in June 2018.
The Financial Action Task Force has recognized measures taken...
Home Security Startup Taps Face-Recognition Tech
A team of engineers that worked on self-driving cars and...
Crimean Ports Under Sanctions Looking for Way Out to Iran
Crimea’s ports, which are not operating at full capacity due...
SpaceX successfully deployed a satellite into low Earth orbit for the Spanish government.
SpaceX took a critical step Thursday toward making one of Elon...
Qazvin-Rasht Railroad to Come on Stream in 3 Months
The railroad to connect the two Iranian cities of Qazvin and...

Trending

Googleplus