James Delahunty
16 Jan 2013 18:53
Struggling Sharp discussing link-up with Lenovo.
Sharp Corp has been bleeding money in the flat-screen TV business for years now, along with many of its competitors. It is now reportedly planning to sell a subsidiary operating a LCD TV assembly plant in Nanjing, China, to Lenovo, and convert its other subsidiaries in China into 50% joint ventures.
The report came from Japanese daily, Nikkei, which also reported that Sharp is in talks to sell its Malaysian factory to Taiwanese firm Wistron Corp.
Sharp is expected to report a consolidated net loss of 450 billion yen for the year ending March 31.