3 years ago, Foxconn gained control of SHARP, and recently the later released 2016 financial results, which shows that the Compang is starting to see profits. SHARP also unveiled its 3 year plan for 2017-2019, with focus on 8K and the internet of things.
SHARP’s new CEO Tai Jeng-Wu told the Press AQUOS, SHARP’s screen factory is to leave its home in Kameyama, Japan. Incompetitive business will be handed over to Foxconn and relocated to overseas. There are 59.60 million TVs sold in China, 26.2% of the total number sold in the world and China manufactured 60.3% or 137 million sets of TV. The resources of TV industry is shifting toward China.
SHARP is building OLED production line in China and is expected to start mass production in 2019. iPhone 8 will use OLED screen from Samsung, but is likely to buy from SHARP once it can provide supply to factories of Foxconn, the maker of iPhones in China.