OSAKA -- Sharp President Tai Jeng-wu told The Nikkei and other media on Monday that the Japanese electronics maker wants to cooperate with liquid crystal panel maker Japan Display in developing next-generation organic light-emitting diode displays.
Japanese manufacturers lag behind South Korean counterparts in making OLED displays. Tai said Japanese companies will work together to counter Chinese and South Korean rivals. Specific details of negotiations have yet to be determined.
Sharp will spend some 200 billion yen ($1.95 billion) to develop OLED displays, with an investment from Taiwan's Hon Hai Precision Industry, better known as Foxconn. The Japanese company plans to start mass-producing the displays as early as 2018 but is considering reviewing the plan as it has become increasingly difficult to secure manufacturing equipment amid South Korean companies' active investment in the technology.
Chinese and South Korean panel makers are aggressively investing in OLED displays, which are expected to be used by Apple for its iPhone.