Sharp has also developed a new LCD, called CGS LCD, which can contain more chips than current models, saving space and conserving power.
The company plans to sell ?300 billion of the screens by 2005. Sharp plans to build a second plant to produce CGS LCDs after production starts at its plant in Nara Prefecture in October next year, Machida said.
The company will continue to earmark about ?150 for annual plant and equipment spending, with two-thirds to be spent on LCDs and semiconductors, he said.
Sharp shares, down 25 percent this year, fell as much as ?80, or 7.4 percent, to ?999. That's the lowest since January 1999.
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