• NEWS
    Foxconn’s Sharp to Spend $570 Million on Oled Panel Production

    Foxconn’s Sharp to Spend $570 Million on Oled Panel Production Japan’s Sharp Corp said it will spend $570 million (roughly Rs. 3,792 crores) on its organic light-emitting diode (Oled) screen business – one of its first major investments since it was taken over by Taiwan’s Foxconn although the amount pales in comparison to efforts by […]

  • NEWS
    Sharp Shares Soar on Prospect of Full-Year Operating Profit

    Japan’s Sharp Corp on Wednesday said it expects significant improvement in annual profit due to restructuring and synergies with new owner Foxconn, sending shares in the display maker soaring more than 10 percent. The statement came after the Nikkei business daily reported that Sharp forecasts operating profit of about JPY 40 billion ($385 million) for […]

  • ELECTRONICS
    Foxconn Finally Seals Sharp Takeover Deal for $3.5 Billion

    Taiwan’s tech giant Hon Hai said Wednesday it had finally sealed a takeover of Japanese electronics maker Sharp in a “historic” deal worth JPY 389 billion ($3.5 billion or roughly Rs. 23,222 crores). It is the first foreign acquisition of a major Japanese electronics firm and comes after weeks of delays, with Hon Hai buying […]

  • NEWS
    Foxconn ultimately Seals Sharp Takeover Deal for $three.5 Billion

    Taiwan’s tech massive Hon Hai said Wednesday it had in the end sealed a takeover of eastern electronics maker Sharp in a “historic” deal worth JPY 389 billion ($3.five billion or kind of Rs. 23,222 crores). it’s miles the primary foreign acquisition of a prime eastern electronics firm and is derived after weeks of delays, […]

  • ELECTRONICS
    Foxconn’s Takeover of Sharp well-knownshows severe Pressures in worldwide Electronics

    the worldwide electronics enterprise has shifted hugely in the past decade, and it will no longer standstill for lengthy. Foxconn, the Taiwanese manufacturing behemoth whose large scale and cheap fees have helped make the iPhone inexpensive for hundreds of thousands and thousands of people international, introducedWednesday that it’d acquire japanese customer electronics company Sharp for […]

  • NEWS
    Red Faces, Raised Voices Over Late Hitch in Foxconn’s Sharp Deal

    A late hitch to Foxconn’s takeover of Japan’s struggling Sharp Corp brought simmering distrust between the two close to boiling point, people with direct knowledge of the matter said. The two companies have eyed each other warily since Foxconn founder and billionaire Terry Gou pulled out of a planned capital tie-up and strategic partnership with […]

  • ELECTRONICS
    Foxconn Lowering Offer for Japan’s Sharp: Report

    Taiwan’s Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp from an initial plan of JPY 489 billion ($4.4 billion), the Yomiuri newspaper reported on Sunday. The reason behind the move is that Foxconn appears to be concerned about financial risks of potential liabilities at Sharp and its business outlook, according to […]

  • NEWS
    Foxconn CEO Says Agreed With Sharp on Most Points of a Takeover Deal

    Taiwan’s Foxconn is aiming to finalise a deal to acquire Japan’s Sharp Corp by the end of the month, after the two firms reached a consensus on most points, Foxconn Chief Executive Officer Terry Gou said. Foxconn, known formally as Hon Hai Precision Industry Co, has been given preferred negotiating rights and most remaining issues […]