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SHARPi

Sharp Corp was founded in 1912 and named after the ‘Ever-Sharp mechanical pencil’ invented by Tokuji Hayakawa, founder of the company. Sharp is a leading electronic group and is one of the world’s biggest television makers.

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The comments by chips expert Park Jea-gun came as Seoul said it would retaliate after Tokyo restricted exports of chemicals critical to South Korea’s production of mobile phone displays and semiconductors.

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Japan’s Sharp Corp is aiming to raise 100 billion yen (HK$7.75 billion) from share sales by the end of September as the struggling display maker looks to partnerships and a public offering to bolster its finances, media reports and sources familiar with the situation said on Friday.

Sharp, a leading suppler of displays to Apple, said yesterday it would form a US$2.9 billion alliance with the state-owned company China Electronics Corp, which included an agreement by the Japanese electronics giant to license its advanced power-saving IGZO screen technology.

Solargiga Energy Holdings this month said its long-time customer Sharp Corp had agreed to buy 370 megawatt (MW) of solar modules in the 12 months to March 31 next year. This is the first time Sharp is buying modules from Solargiga.

China discovered more than 1.4 billion tonnes of new proven oil reserves last year, its third-highest annual haul ever, while its proven reserves of natural gas rose by a record of nearly 900 billion cubic metres over the year, the Ministry of Land and Resources said.