Sharp Corporation has agreed with NEC Corporation to acquire 66% of the shares of NEC Display Solutions Ltd, a subsidiary of NEC, to become a subsidiary of Sharp and to be jointly operated with NEC as a joint venture.
NDS is in charge of BtoB display business within the NEC Group, with LCD display, professional projector, digital cinema products and solutions at its core development worldwide. Meanwhile, Sharp develops its BtoB display business with LCD display, electric whiteboard, professional projector, and 8K related equipment in the Japanese market.