Sharp Climbs After Starting Smartphone Panel Production
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Sharp Corp., Japan’s largest maker of liquid-crystal displays, rose the most in almost seven weeks in Tokyo trading after saying it started making smartphone panels using the company’s latest display technology.
Sharp climbed as much as 11 percent to 165 yen and traded at 162 yen as of 10:56 a.m., headed for its biggest gain since Sept. 4. The company began making smartphone displays using a semiconductor technology known as IGZO this month at its plant in Tenri, central Japan, Heihachiro Ochiai, a Sharp spokesman, said by phone today. Sharp is also in talks with Dell Inc. and Hewlett-Packard Co. to supply IGZO displays, the Yomiuri newspaper said Oct. 20.