Sharp sells its mobile phone lens factory Kangdazhi to Yonghui Commercial, retaining only 1% of the shares

Sharp announced on November 16 that it would sell a majority stake in its subsidiary Kangdazhi to electronic components manufacturer Yonghui Commercial. The transaction is expected to be completed on November 30, and the specific amount has not yet been announced

Kangdazhi is engaged in the manufacturing and sales of smartphone lenses and other products, but due to Intense competition leads to sluggish performance. Yonghui Commercial has strong sales channels in China, so Sharp believes that selling it to Yonghui Commercial is the best choice.

After the sale is completed, Sharp's shareholding ratio will drop to about 1%, but Sharp will also equip its own smartphone products with Kangdazhi lenses and will continue to maintain a cooperative relationship with Kangdazhi.

Sharp launched a mid-range AQUOS sense8 mobile phone last month, priced at 62,150 yen (note on this site: the current price is about 3,033 yuan). The machine is equipped with Qualcomm Snapdragon 6 Gen 1 chipset. Compared with the sense7's Snapdragon 695, the CPU speed is increased by 36% and the GPU speed is increased by 33%.

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