Sharp Eyes Closing LED Production Factory as Part of Restructuring

Sharp Electronics Inc. has suffered stiff competition in the electronics
market. Severe losses have plagued the company especially in its LCD display
and solar panel businesses. As a key part of its restructuring plan, Sharp
electronics reportedly plans to reorganize electronic component manufacturing,
according to an article
in Nikkei.com.

Among the planned business changes, Sharp intends to close the Mihara plant
that makes LEDs. While the decision to close the LED production facility is not
final, such a shut down would be the company’s first closing of a major factory
in Japan.

Other businesses such as LCD displays and solar panels, have faced stiff
competition. Other potential restructuring measures could include exiting or
selling the company’s solar panel business, and closing four electronic
component plants in Fukuyama.

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