Japan's Sharp bets on VR hardware as 'metaverse' takes off

Mar 08, 2022 | News On Japan

Mar 08, 2022 (Nikkei) - Years of quietly developing high-powered virtual reality displays is starting to pay off for Japan's Sharp as the company make an aggressive bet on the "metaverse."

Sharp forayed into VR development in 2016, when it was acquired by Taiwanese electronics titan Foxconn and began devoting more resources to higher-margin, niche markets like virtual reality and automotive solutions.

The segment finally started to generate meaningful revenue for Sharp last year, sources familiar with the company's progress said, with monthly shipments of high-end VR displays exceeding 1 million units since the October-December quarter. The company has also become the single biggest supplier of displays for the Oculus Quest 2 headset made by Facebook parent Meta, sources added.

Revenue for Sharp's VR display shipments came to more than $200 million for all of 2021, based on an estimated cost of around $50 per display, according to Nikkei Asia's analysis and interviews. Displays and processor chips are most expensive components in VR devices.

VR demand has been surging due to the growth of remote working and higher gaming demand amid the COVID-19 pandemic, while a slight easing in the global chip and component shortage that has plagued the tech industry has allowed producers to keep up. ...continue reading

Japan Introduces Stricter Penalties for Drunk Driving

Japan began applying a new numerical alcohol threshold for dangerous driving offenses on July 21, introducing a clearer standard for cases involving impaired driving that could lead to fatal accidents.

Japan Sets Investment Strategy

Prime Minister Sanae Takaichi's government approved its first annual basic economic and fiscal policy on Tuesday, pledging "responsible and proactive fiscal policy" and envisioning about 370 trillion yen in public- and private-sector investment in strategic industries through fiscal 2040.

Mount Fuji Filmed From a Helicopter

Breathtaking 4K footage filmed from a helicopter offers a sweeping aerial view of Mount Fuji and its majestic surrounding landscape.

Japan Scrambles for Oil

A covert network of shuttle tankers is carrying crude through the increasingly dangerous Strait of Hormuz as renewed fighting between the United States and Iran disrupts shipping and raises concerns over how Japan will secure the oil it needs.

Russia Calls Japan-Ukraine Drone Cooperation a Clear Hostile Act

Russian Deputy Foreign Minister Andrey Rudenko has criticized moves by Japanese and Ukrainian companies to cooperate on drone technology, warning that such ties would be regarded by Moscow as a "clear hostile act."

MEDIA CHANNELS

MORE Society NEWS

Police Fire Warning Shot at Knife-Wielding Woman

A police officer fired a warning shot into the air after a 42-year-old woman approached officers while pointing a kitchen knife at them on a street in Eniwa, Hokkaido, on July 17.

Armed Driver Crashes Car Into Convenience Store

A 45-year-old man was arrested early July 20 after allegedly crashing a passenger car into a convenience store in Sagamihara, Kanagawa Prefecture, and walking around the parking lot carrying a kitchen knife and a golf club.

Drunk Driver Rams Roaring Motorcycle

A 42-year-old man was arrested after allegedly driving under the influence and intentionally ramming a motorcycle in Togitsu, Nagasaki Prefecture, leaving its rider seriously injured.

Giant Tug-of-War Rope Snaps, Injuring Over a Dozen

More than a dozen people were injured after a massive rope suddenly snapped during a tug-of-war at a festival in Kitami, Hokkaido, sending participants falling backward onto an asphalt road.

Housing Complex With 70% Foreigners Introduces Fine System

A public housing complex in Aichi Prefecture where about 70% of households are occupied by foreign residents is showing signs of improvement after introducing multilingual communication, foreign-led neighborhood activities and a 3,000-yen fine for residents who skip community cleaning duties.

Old Sake Brewery Goes Up In Smoke

A fire that broke out at the long-established Echigo Tsurukame sake brewery in a densely populated residential district of Niigata City on July 19 destroyed the brewery and spread to at least six nearby homes, with firefighters still unable to declare the blaze fully extinguished by noon on July 20.

Husband and Wife Killed in Ashikaga Landslide

Two people found dead in a collapsed home following a landslide in Ashikaga, Tochigi Prefecture, have been identified as a married couple in their 60s who lived at the property, city officials said.

Bacteria on Nurse's Uniform Match Those Found in Slain Patient's Blood

Bacteria found in excrement on the uniform of a former nurse arrested on suspicion of killing a hospital patient by contaminating his intravenous drip matched bacteria detected in the victim's blood, investigators have found.

< 2 3 4 5 >