According to reports from Japan, Sharp plans to split-off its display unit to a new company called Sharp Display Technology, or SDTC. According to the reports, SDTC will focus on MicroLED technology development.
SDTC will also, likely, take over Sharp's existing LCD factories (and OLED R&D lines). If this report is accurate, it is not clear what will be the future of Sharp's OLED projects.
Sharp started producing flexible OLEDs in low volume in August 2018, and have adopted these displays in its own smartphones. According to reports, Sharp realized it cannot compete with Korean and Chinese companies with both technology and price and has halted smartphone OLED production (although it still develops advanced OLED technologies and will continue to produce OLEDs for other applications).