Sharp transfers Mie Plant No.1 to Aoi Electronics in asset-light strategy

Sharp has reached an agreement with Aoi Electronics Co., Ltd. (Headquarters / Takamatsu City, Kagawa Prefecture, President & CEO / Kazuhiro Kinoshita; hereinafter "Aoi Electronics") on the transfer of Sharp Mie Plant No.1.

Under its asset-light initiative in devices business and to transfer its structure centering its Brand business, Sharp is promoting the utilization of underutilized and unused factories, as well as business development through collaboration with other companies, and this initiative is part of such efforts.

Through Sharp Display Technology Corporation, Sharp’s subsidiary in charge of small and medium size LCD business, Sharp will collaborate with Aoi Electronics on the construction of their production line for semiconductor back-end processes, while discussing the transfer of Mie Plant No.2 in relation to their business development.

Outline of Sharp Mie Plant No.1
(1) Location: Gosana, Taki-cho, Taki-gun, Mie Prefecture
(2) Total Floor Area: Approx. 60,000 square meters (including production area: approx. 24,000 square meters)