Global strategic partnership with HKC
First written in FY2024-Q1. 2 of 3 entries say "Reframed", first in FY2024-Q2. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1ReframedAnnual report
「Based on a resolution of the Board of Directors meeting held on 12 September 2024, the Company entered into a manufacturing outsourcing agreement concerning the manufacture of liquid crystal displays and a memorandum of understanding concerning the manufacturing outsourcing with HKC JAPAN Co., Ltd. effective 19 September 2024. Execution of the manufacturing outsourcing is subject to both parties' agreement on the manufacturing outsourcing plan, and the Company is currently in discussions with HKC JAPAN Co., Ltd.」
The collaboration with HKC was restructured from a strategic partnership MOU covering next-generation OLED and plant construction, among other matters, into a contract and memorandum with HKC JAPAN for outsourced LCD manufacturing. The implementation plan remains under discussion. - FY2024-Q2ReframedAnnual report
「In light of our management strategy, we terminated the memorandum of understanding with HKC by mutual agreement in September this year. We have also agreed with HKC to continue discussions on collaboration in the automotive display business.」
Although the memorandum of understanding for a strategic alliance with HKC covering the advancement of next-generation OLED technology and plant construction was terminated, discussions changed to a structure in which the scope of collaboration was narrowed to the automotive display business. - FY2024-Q1First statedAnnual report
「As part of this initiative, in April the company signed a memorandum of understanding (MOU) with 惠科股份有限公司, a Chinese display manufacturer with the world's third-largest production and shipment scale, for collaboration as global strategic partners. The company and HKC held discussions with the aim of signing a definitive agreement by June 2023. However, because the strategic partnership is large-scale and requires broad and detailed arrangements, the two companies agreed to extend the discussion period, changing the target date for signing the definitive agreement to no later than the end of September 2023, and discussions are continuing.」
The company entered into a memorandum of understanding for a strategic partnership with HKC covering the advancement of next-generation OLED display technology, plant construction, a joint development centre and high-end automotive display operations. The deadline for concluding the final agreement was extended from June 2023 to the end of September of the same year, and discussions were still ongoing as of the end of the quarter.