Sharp places LCD TV OEM order with Innolux

Japan-based Sharp Corp. has decided to boost its production volume ordered to Taiwan-based manufacturers in an effort to raise its market share in emerging markets such as India, China, Vietnam and Russia, Chinese-language Commercial Times reports.

Notably, Taiwan's Innolux Display will be the major beneficiary of the movement, according to the report. Sharp will place an order for 100 million 32-inch and smaller LCD TVs to Innolux in 2008. Innolux is the world's second largest LCD monitor producer, and started producing LCD TVs since last year. TV production of Innolux is predicted to hit roughly 500,000 units in 2007, industry sources said in March. These has recently been a report that Sharp will sell a 6.29% stake in Taiwan-based Sampo by July this year.