Sharp(US:SHCAY) Huan Qiu Wang·2026-02-12 05:45Group 1 - Sharp announced the termination of the sale of its second LCD panel factory in Kameyama, Japan, to its parent company Foxconn due to the ongoing weakness in LCD panel prices [1][3] - Following the cancellation of the acquisition, Sharp plans to shut down the Kameyama factory in August this year and will offer a voluntary resignation program for its 1,170 employees [3] - Sharp expects to incur a restructuring cost of 10 billion yen as a special loss for the fiscal year ending in March, with an additional 2 billion yen in related costs for the next fiscal year [3] Group 2 - Foxconn initially intended to maintain panel production and establish a new production line for AI server manufacturing after acquiring the factory, but is now considering utilizing another idle building in the Kameyama area for AI server production [3] - Sharp's CEO Masahiro Okitsu stated that the partnership with Foxconn remains stable despite the failed acquisition [3] - In addition to the factory sale cancellation, Sharp has also scrapped a technology transfer plan to an Indian company, which was aimed at accommodating workers from its Sakai factory, set to cease production in August 2024 [3] - The cancellation of the technology transfer plan will lead to a voluntary resignation program for 240 affected employees and an additional special loss of 2.2 billion yen for the fiscal year ending in March [3]