Sharp to become main LCD panel supplier to Slovakian partner

While UMC has been using LCD panels from other supplier besides Sharp, the latest deal should result in the bulk of its TV having Sharp-made panels, the Nikkei reports. Back in 2014 the Japanese company abandoned the European TV market as part of its business overhaul. However, Hon Hai Precision Industry – or otherwise know as Foxconn and Sharp’s new parent company – wants to revive the European TV business of the Japanese company. Adding to this US Sharp has expressed that it would seek a capital partnership with the Slovakian company. Part of the panel shipments will stem from a Sharp-Foxconn JV located in Sakai, Japan – other buyers will include Samsung, the report concludes.