Abstract: According to foreign media, Sharp Corp, a Japanese electronics manufacturer that continues to lose money, may spin off its LCD display business and seek financial support from the Japanese government-sponsored Japanese Industrial Innovation Agency (INCJ). The Nikkei Daily reported earlier that the Japanese industrial innovation agency plans to invest 100 billion yen in the production of smartphones and tablet computer LCD panels in the current fiscal year.
A Sharp company spokesperson said that although the company has negotiated a lot of reform plans for LCD business, it still has no final result.
Sharp has annual net losses for three consecutive years. Since 2012, Sharp has been trying to seek help from the outside world by "selling" the company's equity in return for capital investment.
Informed sources said that Sharp's current largest creditor, Mizuho Bank, and Bank of Tokyo-Mitsubishi UFJ are undergoing large-scale corporate rectification and intends to “pump†from loss-making borrowing companies. from".
Despite the reluctance to take corporate restructuring measures, Sharp emphasized that the company will not sell its own LCD business.
Sharp's turnover in the LCD liquid crystal display area accounted for nearly one-third of the world's share, but in the price competition suffered by the Chinese manufacturers and INCJ Holdings 35% of Japan Display Company.
Some commentators predict that Sharp may merge its display business with Japan Display to increase its competitiveness and price advantage. However, according to people familiar with the matter, Sharp recently stated that it should not come to this stage.
In order to maintain the country’s competitiveness in the global electronics technology field, the Japanese government established the Japan Industrial Innovation Agency in 2009. The state provided 288 billion yen to INCJ for investment. At present, its investment behavior is jointly supervised by the Ministry of Economy, Trade and Industry. INCJ's investment plan for Sharp's LCD business largely foresaw the integration of Sharp and Japan Display's LCD units in the future.
People familiar with the matter said earlier that Sharp had also asked domestic companies to get their funds back up to 30 billion yen to save their bank loan troubles.
A new rule from the Drug Enforcement Administration (DEA) threatens to upend the American hemp industry, and could even result in criminal prosecutions for manufacturers of CBD and delta-8 THC products.
The DEA says the [interim final rule," issued Aug. 20, is simply a matter of adjusting its own regulations to account for changes to the Controlled Substances Act that were mandated by the 2018 Farm Bill (or Agricultural Improvement Act) that legalized hemp and CBD production. The new rule [merely conforms DEA`s regulations to the statutory amendments to the CSA that have already taken effect," says the agency. The new rule doesn`t break any ground, according to the DEA.
But many experts on cannabis and hemp law say the DEA rule creates a potential pathway the law enforcement agency could use to prosecute hemp processors and producers of CBD (cannabidiol) and delta-8 THC (or Δ8THC) products. There are two issues: partially processed CBD, and [synthetically derived" delta-8 THC.
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