Sharp President Dai Zhengwu, who is a Hon Hai investment transfer, said at a press conference held in Taipei City, Taiwan, China on the 8th that he hopes to allow his subsidiary Kandazhi, which produces smartphone lenses, to conduct an IPO in Japan in 2019.

Image source: Kang Zhida official website

Nikkei Asian Review reported on the 8th that Dai Zhengwu, president of Sharp (Sharp), who converted to investment in Hon Hai , said at a press conference held in Taipei City, Taiwan, China on the 8th that he hopes to allow his Kantatsu, who can produce smartphone lenses, to conduct an IPO in Japan (initial public offering) in 2019. Kandazhi is an Apple iPhone lens supplier and a competitor of Daliguang, Taiwan.

Dai Zhengwu pointed out, "We will use Sharp's technology to assist Kanda Intelligence to make Kanda Intelligence a better company." However, when Nikkei Asian Review asked Dai Zhengwu how much money he hoped to raise through Kanda Intelligence's IPO, Dai Zhengwu refused to disclose the specific figures.

report pointed out that Hon Hai and Sharp are working together to get more orders from Apple, and Sharp hopes to improve its smartphone camera product business by further controlling Kandazhi. With the assistance of Sharp, Kandazhi has expanded its lens production capacity in China.

However, market observers pointed out that because Daliguang will continue to enjoy technological advantages, Kanda may not be able to threaten Daliguang's leadership position in the smartphone lens market.

Source: MoneyDJ