Sharp, Apple Teaming Up For LCD Plant
Sharp is teaming with Apple on a $1.2 billion-dollar facility that will crank out iPhone screens faster than you can say iOS. According to Japanese paper the Nikkei business daily
, Sharp is coughing up some of the cash to optimize the plant, but Apple is rumored to be coughing up a lot more. Apple will also buy "most of the panels produced by Sharp," a company that has previously supplied LCD panels for Apple's iPod touch.
As it stands, Sharp will occupy the space in order to produce panels for next-generation iPhones, including high-resolution “Retina Display” screens. The previous occupant of the facility was also an LCD production, albeit one that made large-panel screens. Next year, equipment for making smaller LCD screen will be installed at the site in hopes of getting the plant online by the middle of 2012.
In recent days, there were unfounded reports of Apple working with Toshiba on a new LCD plant. It now appears that signals were crossed and Toshiba may have been mistaken for Sharp. This week, a representative for Toshiba was quoted in various media stating that rumors of an Apple-Toshiba LCD partnership were not factual.