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Sony and Sharp joint venture hits a rocky patch, Sony cuts off capital
When Sharp sold off some of its LCD manufacturing business to Hon Hai Precision we knew the company had fallen on tough times, we just didn't realize how bad things truly were. That joint venture it formed with Sony, well, it's all but over at this point. The two companies have amended their deal with each other and Sony has decided not to inject any more capital into the project. That's not entirely surprising since the relationship was already starting to show signs of strain, but the partnership could crumble at any moment. A study period has been designated, through the end of September, to decide what the future holds for the two regarding the production and purchase of large panel LCDs, but at any time Sony can simply demand that Sharp buy back its shares and leave the venture. For Sharp's sake, we certainly hope Hon Hai is in this for the long haul. Check out the legalese stuffed PR after the break.
Sharp Display Products emerges from Sharp / Sony joint venture
It's been just over a year since we first heard that your next Sony LCD TV may actually be a Sharp, and while the joint venture has been flipped on and off again during the past 13 months, it seems that the stars are finally aligning in order to make this thing happen. Sharp is preparing a unit that will be launched on April 1st in order to act as "a base to be transformed into the joint venture." The unit will be christened Sharp Display Products Corporation, with Sharp owning 66 percent (and thus, the namesake) and Sony taking the remaining 34 percent. The two currently plan to start up production of LCD panels by March of 2010, which gives Sharp a solid dozen months to construct the facility in Sakai, Japan. Better hurry, folks -- it's not like OLED is breathing down your neck or anything.
