Sharp insists on releasing PC model in 2021

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Japan’s Sharp Corp said on Saturday it is sticking to an original plan to list its laptop making unit in the business year from next April, denying a media report that it may take the unit public this year.

The Osaka-based electronics firm hopes to start preparations this year for the laptop unit’s initial public offering, and there are no changes to the original plan to list the unit in the next financial year, a Sharp spokesman said.

The Nikkei Asian Review had quoted Sharp Chairman and Chief Executive Tai Jeng-wu as saying on Thursday he hoped the Dynabook unit could list by the end of 2020.

Sharp bought Dynabook from Toshiba Corp for $36 million in 2018, marking its return to a market it had quit eight years prior, even if its comparatively low cost underscored dwindling demand in a world where many consumers spend more money on their smart phones.

The Osaka-based electronics maker used the scale of parent Foxconn, the world’s biggest contract manufacturer, to produce PCs more cheaply – just as it did with televisionsa.

 

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