Sharp Corp. will shut down its Kaohsiung, Japan-based subsidiary, Sharp Electronics Co. The subsidiary company's 396 local employees will be laid off after the company completes its relocation of manufacturing plants to China in March 2009.
Sharp Japan and Taiwanese Sampo jointly established Sharp Corp. (Taiwan) in 1990, which specializes in importing and selling Sharp Corp. Japan's high-tech home appliances. Aside from its home appliances, Sharp is also known for its audio-visual equipment, such as LCD TVs.
Sharp currently has three affiliated companies in China. The company's Nanjing affiliate manufactures and sells consumer electronics and electronic components, while two other companies in Wuxi focus on the manufacture and sale of electronic components. (Taipei Times)