There’s been a lot of action this week on the OLED beat – in this case, news that holds promise for a new robust competitor in the OLED market. The company, known as JOLED (for Japan OLED), is a joint venture between two TV powerhouse brands and a major display manufacturer that has successfully raised money to complete a new OLED factory.
Innovation Network Corp. of Japan
Japan Display Inc., a unique public/private partnership that was once Japan’s largest supplier of LCD panels but has been struggling of late, saw the price of shares of its stock jump as much as 24% Wednesday on news that it had developed a new lower cost manufacturing process for OLED panels. The company, which had been struggling with slackening global demand for LCD panels, will seek outside investment to pursue the opportunity provided by this new OLED manufacturing process.
See more on this surprising announcement out of Japan… [Read more…] about Shares in Japan Display Jump 24% on OLED News
CEO Gou Goes All Out – Meets Face-to-Face with Japanese Gov’t Officials
Although the odds appear stacked against Taiwan’s Foxconn in its bid to acquire Sharp Corp., new reports suggest that CEO Terry Gou has intensified his efforts to win the troubled Japanese giant by meeting directly with Japanese government officials and offering new promises. In a report out of Japan by Reuters, sources are saying that Gou will do whatever it takes to win the company, including detailing more of his plans to assuage concerns and eliminate opposition to the deal.
But can Gou pull it off over a competitive bid from a government-backed entity?… [Read more…] about Foxconn’s Full Court Press to Win Sharp
But Will They Lose Out to a Bid Only Half as Much?
Hon Hai Precision Industry Co., the largest Apple, Inc. supplier that is better known as Foxconn, has upped the ante according to a report in the Wall Street Journal, doubling their initial offer to a big $5.3 billion. Yet many in Japan are predicting that the Taiwanese company will lose to another bid rumored to be only half as much. How is that possible?
See the rapidly increasing drama surrounding a once mighty world brand… [Read more…] about Foxconn Goes All In – Ups Offer to $5.3 Billion to Bag Sharp
Toshiba, who is on the verge of announcing a record loss and plans another round of layoffs, is far from the only Japanese giant who is stumbling. A new analysis by the Nikkei suggests it’s possible that Sharp Corp. may not have enough cash to survive the winter – despite the fact that multiple potential suitors are swirling around them in a head-spinning series of negotiations that, so far, are unproductive. And the news of these new troubles have surfaced after they successfully concluded negotiations for a ¥200 billion bank bailout in April.
See more on how Sharp’s situation has deteriorated this year… [Read more…] about Japanese Media Speculates Sharp May Not Survive the Winter
A Who’s Who collection of significant panel and display manufacturers in Japan says they will collectively invest ¥20 billion ($193 million) into a test production line for OLED panels using a new manufacturing process that promises to move the industry closer to mass production of what many feel is the next-generation video technology. If all goes well, the consortium will be mass-producing large quantities of relatively inexpensive OLED panels by 2018.