Japanese electronics firm Sharp is considering expanding its sales of small panels to Samsung, while still supplying screens to opponent Apple, in an effort to boost output levels of its facilities as well as ensure viability.
The move is expected to boost the ailing Japanese company’s fortunes while assisting the South Korean firm to diversify its product portfolio.
Reuters reported that the Japanese firm is also planning the launch of a business venture by March 2016, which includes increasing its supply of liquid crystal display (LCD) panels to Samsung, as well as aiming to raise operating profit to $1.5bn per year by March 2016, while generating $30bn in revenues.
In March 2013, Samsung agreed to invest $111m to acquire 3% stake in the beleaguered Japanese LCD maker, which would also assist Sharp in boosting LCD plant utilisation at its Kameyama facility in central Japan.
The deal also includes supply of LCD panels for Samsung’s mobile devices, notebook computers and smartphones.
Additionally, chipmaker Qualcomm also invested in Sharp to assist the development of new LCD screens for mobile devices.
