Sharp drags Vizio Inc, Xianyang CaiHong Optoelectronics Technology and TPV Technology to court over patent infringements

Japan’s Sharp Corp has filed a patent infringement lawsuit against U.S. TV brand Vizio Inc and two others in an attempt to seek an injunction to ban one of Vizio’s TV products in the United States. In a statement, Sharp, a unit of Taiwan’s Foxconn, said Vizio’s 70-inch TV product uses liquid crystal display (LCD)…

Apple suppler LG Display expects improved profit outlook on increased OLED demand

On Friday, LG Display Co Ltd, an Apple Inc supplier offered an optimistic outlook for the year on the back of higher demand for its organic light-emitting diode (OLED) panels sending its shares higher by 4%. The optmistic forecast comes in the wake of the South Korean company seeing prolonged decline in liquid crystal display…

Japan Display aims to clinch $468 million in funding by the end of this month

Japan Display’s bailout plan got slightly derailed following the withdrawal of Harvest Group, a Chinese investment firm from the bailout consortium. Following a sudden withdrawal of a Chinese investor group from its bailout plan, Japan Display Inc, an Apple Inc supplier stated, it aims to clinch a deal for least $468 million (50 billion yen)…

LG slashes LCD investment costs, maintains planned investments in its OLED business

LG is bent on migrating towards making next-generation OLED panels and has slashed investments in its LCD business, which incidentally accounts for nearly 90% of its revenues. South Korea’s LG Display Co Ltd, a key supplier of panels for Apple, posted its second consecutive loss citing poor panel prices while slashing its investment plans by…

LeEco abandons Vizio deal citing ‘Chinese Policy factor’

In recent years, LeEco has grown so fantastically that it faced financial issues. Its founder termed these issues as the “big company disease.” LeEco, a recent Chinese tech company with global ambition whose businesses have ranged from electric vehicles to smartphones, has been forced to abandon its proposed $2 billion acquisition of Vizio, a U.S.…