Japanese netizens were recently disturbed by the widely reported news that Japanese electronics manufacturer Sharp was in talks with Korean electronics giant Samsung to form a business and capital alliance.
While right-wing netizens aren’t too fond of the idea, the move might indicate that despite political tensions, businesses are prepared to put aside national differences to make the economic situation work for them.
From NHK News:
Sharp and Samsung to Form Capital and Business Alliance
In a hurry to reorganise its management, electronics manufacturer Sharp is preparing to finalise capital and business alliance with it biggest rival and competitor, Korea’s Samsung Electronics, as negotiations for financial investment with Hon Hai Precision Industry Co. have not progressed.
Last March, Sharp had agreed approximately 66 billion yen of investment with the Taiwanese company, Hon Hai Precision Industry Co. However, they were unable to compromise over the specific content of the investment, so the negotiations remain in a state of deadlock.
According to a source, it was because of these circumstances that Sharp is now in the final stages of a new agreement with Korea’s Samsung Electronics for 10 billion yen of planned investment.
Additionally, Sharp is also in talks with Samsung to provide them with Liquid Crystal Display (LCD) screens over a long-term period.
Through this alliance, it is clear that Sharp intends to improve their ailing financial affairs, which have been operating at a large deficit, while increasing production of LCD screens at its factories. This can be seen as Samsung aiming to establish a stable and secure supply of LCD screens.
Up until now, Sharp has been in negotiations with several foreign manufacturers regarding financial investment and possible alliances, but by forming a new partnership with its leading rival, it is clear the management has been reorganised.
Comments from Twitter:
Well, well…. All I can see is an ‘Un-sharp’ (blunt) future…
So it’s a business alliance, eh…
For Samsung, this is too cheap.
Who was this ‘source’ that the news came from? Sharp is saying ‘It is not an statement from Sharp’, aren’t they.
The beginning of the end.
More and more, I have no idea what has become of this industry
I wanna throw out our AQUOS…
How come Sharp has suspended stock trading in order to check the authenticity of these claims.
Tora aka PSEUDOECHO:
It seems like it’s a leak from from Samsung, doesn’t it. Also ’cause Sharp has suspended stock trading.
Being a fan of Sharp, this makes me grimace… I mean, just fuck off, idiots.
Oiiii, no way…. Sharp becoming partners with Samsung. This is the worst situation, the end of technology.
Sharp x Samsung. I wonder how this will turn out.
This surprised me
Shouldn’t we be looking at Sharp?
With 10 billion yen, you’d think Sharp will do alright.
If you look at just the surface you might think, “Crap, ignoring other companies’ TVs
This is surprising!
No way…(￣◇￣;) Unfortunate…＿|￣|○
Last year it was from Apple, this year will the investment be from Samsung…
I’ve been thinking they’ve already gone past the point of being able to exist independently of one another.