In August 2016 Sharp said that it wants to collaborate with Japan Display to co-develop and produce OLED displays. JDI responded saying that Sharp did not actually reach out regarding such a collaboration, but it seems that Sharp did not give up on that idea.
Sharp's stock returned to the Tokyo Stock Exchange first section after a year of absence, and the company's president told Reuters that it is going to ask Japan's government it help it form an alliance with JDI. Sharp is also considering an investment in JOLED.
Both Sharp and JDI were late to the OLED game, and both companies aim to start producing OLEDs at around 2019. A Japanese collaboration may indeed be very beneficial as all display makers in Japan has to catch up with Samsung, LGD and others that are already producing OLED displays.
In October 2016 Sharp announced that it will invest $570 million and build OLED pilot lines at its plants in Osaka and in the Mie Prefecture. The pilot lines will begin OLED production in the summer of 2018. In August 2017, Japan Display announced a strategic focus on OLED displays as the losing display maker failed to keep up with the industry shift to OLEDs. JDI said it will need to raise new funds in order to accelerate its OLED plans and prepare for mass production in 2019.