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Sharp Corp News

30 Sep 2016

Foxconn's Sharp to spend $570 million on OLED panel production

Japan`s Sharp Corp said it will spend $570 million 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 South Korean rivals.

02 Apr 2016

Foxconn seals $3.5 billion takeover of Sharp as execs seek to shake off doubts

Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp can turn around its ebbing fortunes

26 Feb 2016

Foxconn deal for Sharp hits big snag, Sharp shares slide

Taiwan`s Foxconn has put its takeover of Sharp Corp on hold after discovering previously undisclosed liabilities, sources said, throwing the acquisition in doubt and sending shares of the Japanese electronics maker tumbling.

05 Feb 2016

Foxconn offers to invest around $5.6 billion in Sharp - sources

Sharp has chosen Foxconn as its preferred bidder in takeover talks. One source said Sharp`s board on Thursday had voted 13-0 to negotiate with Foxconn instead of a state-backed Japanese fund, the Innovation Network Corp of Japan.

Hon Hai Precision Industry

28 Sep 2015

Hon Hai considering buying $1.7 bn stake in Sharp LCD unit

Taiwan`s Hon Hai Precision Industry Co is considering buying a majority stake in Sharp Corp`s loss-making LCD business for up to 200 billion yen ($1.7 billion), Japan`s Mainichi newspaper said on Monday, without citing any sources.

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