Sharp is hoping it will be able to spin off a portion of its LCD panel business.
The company wants to unload the piece of its display unit that makes small- and mid-sized displays for devices such as smartphones and tablets. The company hasn’t been able to compete with rivals LG Display and Japan Display in the market for small screens.
The company hopes to sell off this business to a government-supported investment fund, though it hasn’t made any final decisions. Sharp has been struggling for years and is undergoing a larger restructuring that it hopes to present to investors in May.
The company sells one smartphone in the U.S., the Aquos Crystal, which has a unique borderless display.
