Toshiba sold its PC unit for $36 million to Sharp, after struggling in the PC market for years and experiencing other financial troubles.
Sharp announced that it's going to mass produce 5.5" displays with 4K (3840 x 2160) resolution in 2016.
Sharp will be expanding its range of high-pixel density IZGO LCD panels with 11.6-inch, 14-inch and 15.6-inch variants.
Sharp's president hinted that financial negotiations between the company and Foxconn may be cancelled soon.
Sharp's 32-inch IGZO 4K display will retail for around $5,500 USD when it eventually arrives here in the States.
IGZO professional display series claimed to be "industry's thinnest" 4K monitors larger than 30 inches.
Qualcomm is making an equity stake in Sharp Electronics to continue the development of MEMS displays with IGZO technology.