Japan Display also bought a factory from Panasonic and is adding a production line to it for smart phones. They expect to take control of it in April, and add the production line thereafter.
Sharp is retooling its Kameyama plants 1 and 2 to start making smaller LCD panels by the end of the year, including panels for the ipad 3. Sharp currently supplies panels for the iphone. Sharp is also a current or past Nam Tai customer, and is the other likely customer in addition to Japan Display. Perhaps Sharp is the Wuxi customer while Japan Display is the possible customer for Shenzhen.
Thanks for the insight. I hope they hurry up and start moving some profitable volume through these plants. All chinese stocks appear to be getting punished in this market. - Showing sales increases and increasing profits will help... NTE is very undervalued at thsis level. - Added some more @ $5.02 this afternoon. Running out of dry powder- time to start moving up! At least we will get the 5.6% dividend while we wait!