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Sharp Corp. ADR (SHCAY)

- OTCPK - Current
  • Mon, Sep. 21, 2:46 AM
    • Taiwan's Hon Hai Precision Industry (OTC:HNHAF) is offering to buy Sharp's (OTCPK:SHCAY) struggling liquid panel display business and plans to seek funding from Apple (a key Sharp customer), the Nikkei reports.
    • Tie-up talks between the two firms fell through in 2012 after the Japanese company balked at demands that would have given Hon Hai "too much control."
    • Previously: Sharp weighs selling LCD business (Aug. 28 2015)
    | Mon, Sep. 21, 2:46 AM | Comment!
  • Tue, Mar. 31, 7:58 AM
    • Canadian Solar (NASDAQ:CSIQ) has completed its acquisition of Recurrent Energy from Sharp (OTCPK:SHCAY) for $265M.
    • With the closing of the transaction, David Brochu has been appointed Recurrent's new CEO to replace Arno Harris. Michael Metzner, Recurrent's CFO, is also stepping down from his role.
    • CSIQ +1.2% premarket
    • Previously: Canadian Solar to acquire Sharp's Recurrent for $265M (Feb. 03 2015)
    | Tue, Mar. 31, 7:58 AM | 3 Comments
  • Dec. 7, 2014, 5:03 AM
    • Sharp (OTCPK:SHCAY) is set to sell its U.S.-based solar energy development unit Recurrent Energy to Canadian Solar (NASDAQ:CSIQ) for about ¥30B ($247M), reports the Nikkei business daily.
    • Sharp previously paid $305M in cash to acquire the business in 2010, although a sale would now help the company raise capital as it struggles to increase its equity ratio to a healthy level.
    • A basic agreement it expected by the end of the month, with a final sale in the spring.
    • Previously: Sharp continues to withdraw from solar industry (Sep. 08 2014)
    | Dec. 7, 2014, 5:03 AM | 9 Comments
  • Apr. 1, 2014, 3:58 PM
    • The Nikkei reports Apple (AAPL +0.9%) is in talks with Renesas (RNECF) to buy its 55% stake in iPhone LCD driver IC supplier Renesas SP Drivers, and is looking to acquire it for ¥50B ($479M).
    • Sharp (SHCAY) owns 25% of Renesas SP, and Taiwan's Powerchip 20%. Sharp is expected to sell its stake to Apple if the company asks for a a deal after buying Renesas' interest.
    • Apple, which already develops its own app processors and fingerprint sensors, reportedly "wants to meld the design of core display components into overall product development."
    • A deal could be a positive for Himax (HIMX +3.9%) and MagnaChip (MX -0.6%), given Renesas SP's other clients would start looking for alternative LCD driver suppliers. Renesas SP has an estimated ~33% share of the market for small and mid-sized LCD drivers/controllers. It had revenue of ¥60B ($575M) during the fiscal year ending March 31.
    • Earlier: 4.7" iPhone LCD production reportedly set to start
    | Apr. 1, 2014, 3:58 PM | 10 Comments
  • Mar. 6, 2013, 4:41 AM
    Sharp's (SHCAY.PK) future looks a little more secure after confirming that Samsung (SSNLF.PK) has agreed to invest ¥10.3B ($110M) in the struggling Japanese company in return for a 3% stake. Sharp will also provide large TV panels to the Korean firm and increase the shipments of smaller LCDs. Samsung's investment adds to a $120M injection from Qualcomm (QCOM) in December. Sharp's shares surged 14.05% in Tokyo on reports of the latest deal. (PR)
    | Mar. 6, 2013, 4:41 AM | Comment!
  • Mar. 27, 2012, 12:03 PM
    Sharp (SHCAY.PK) plans to sell a 9.9% stake to contract manufacturing giant Foxconn (HNHAF.PK) at an 11% premium to today's close, as well as a 46.5% stake in its display unit to Foxconn's founder. Apple (AAPL) might just have something to do with this tie-up: Foxconn is Apple's biggest contract manufacturer, and Sharp is both a display supplier to Apple and the rumored manufacturer of the iTV.
    | Mar. 27, 2012, 12:03 PM | Comment!
Company Description
Sharp and its subsidiaries are engaged in the manufacture and sale of consumer/information products and electronic components. Co.'s principal business segments are electronics equipment and electronics parts. Co.'s products include LCD color TVs, high vision TVsl color TVs, TV/VCR combos, DVD... More
Sector: Technology
Country: Japan