Reuters: Global Markets: Sharp says boosts IGZO display output; shares soar

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Sharp says boosts IGZO display output; shares soar Oct 22nd 2012, 02:00 Tweet Share this Email Print Related News Sharp gains on report of boost in IGZO display output 8:35pm EDT Intel's outlook fails to inspire hopes for PC recovery Tue, Oct 16 2012 Apple to host October 23 event, iPad mini expected Mon, Oct 15 2012 Lenovo knocks HP from top of global PC market: Gartner Thu, Oct 11 2012 HP's outlook disappoints, shares hit nine-year low Thu, Oct 4 2012 Analysis & Opinion iPhone 5 will live up to the hype – in time Related Topics Investing Simplified » Hot Stocks » Asian Markets » Japan » A logo of Sharp Corp is pictured at CEATEC JAPAN 2012 electronics show in Chiba, east of Tokyo, October 2, 2012. Credit: Reuters/Yuriko Nakao TOKYO | Sun Oct 21, 2012 10:00pm EDT TOKYO (Reuters) - Japan's Sharp Corp (6753.T) said it has boosted output of its IGZO displays, the thin, power-saving screens that the struggling TV maker wants to sell to ultrabook PC makers to spark a revival in its fortunes. Shares of Sharp gained as much as 11 percent to 165 yen in early trading, their biggest one-day gain in almost two months, after local media earlier reported the increase in production capacity. Sharp is seeking supply agreements with ultrabook makers Lenovo Group (0992.HK), Dell Inc (DELL.O) and Hewlett-Packard (HPQ.N), Kyodo news agency reported. The Japanese company, which secured $4.6 billion in emergency loans from its banks in September, this month began producing IGZO screens at a liquid crystal display factory in Nara prefecture western Japan, Sharp spokeswoman Miyuki Nakayama confirmed. "We are starting in two different plants. The volume is increased," she said. Sharp already makes IGZO displays that it supplies for Apple Inc's (AAPL.O) iPad tablet at its Kameyama plant. The facility also makes screens for the iPhone 5. Sharp says IGZO, which consume 10 percent to 20 percent of the power required by conventional panels, may be better suited for ultrabooks. Needing less backlighting, IGZO screens are also thinner than conventional LCD displays. Intel is promoting ultrabooks to counter tablet computers from Apple. Earlier this year, the U.S. chipmaker signed deals with several panel makers to ensure adequate supplies for a wave of ultrabooks with touch screens expected to hit the market following Microsoft Corp's (MSFT.O) launch of Windows 8 this month. (Reporting by Tim Kelly; Editing by Michael Watson and Chris Gallagher) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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