Foxconn buys Sharp, the fallen queen of lCD screens
the agreement, according to the Nikkei newspaper, should be about $ 6.2 billion, but the signing was postponed last moment because the Taiwanese company has to evaluate an “important document”
the interior of a factory Sharp
the Japanese Sharp accepted the offer of Foxconn, the company that makes components for Apple and other technology giants. The agreement, which, according to the Nikkei newspaper, should be about 6.2 billion dollars in total, has been accepted by the board of Sharp. In January, the Japanese had turned down an offer from 5.3 billion dollars more by Foxconn. This is the first acquisition of a major Japanese electronics firm by a foreign group. The selection of the Innovation Network Corporation, a consortium promoted by the Japanese government, was well below that of Foxconn. From time Sharp was in difficulties.
Sharp, and financially in dire straits, it is a leader in the liquid crystal display technology. The battle for control of Sharp is considered by a test market to test the ability of Shinzo Abe’s government to open up to foreign investors. In Tokyo Sharp closed down more than 14%.
After the announcement of yet it opened a yellow. Foxconn fact said that the signing was delayed because the Taiwanese company has to evaluate a “key document”. “We’ll soon this clarification – explains Foxconn – so that the agreement can be successful.” Based on the arrangement Foxconn will control 65.9% of Sharp, estimated 489 billion yen ($ 4.34 billion). The figure will have to shell Foxxconn halls around 700 billion yen by the inclusion of Sharp debts.
Established in 1974 by Terry Gou, who still holds the position of CEO, Foxconn has become in a short time the first company multinational manufacturer of electronic components with operations in Asia, Europe, and Latin America, where it is estimated that assembles about 40 percent of the world’s consumer electronics products.
From accessories for the Blackberry to the iPhone, from the Playstation to the components of the iPad screens: the Foxconn universe (born as Hon Hai Precision) is the symbol dell’affarismo and versatility. In its factories of Shenzhen in China, hundreds of thousands of employees are employed at the assembly chains: for the workforce proportions the company in the past has been accused of lack of attention to the working conditions because of the high number of suicides recorded in their production facilities. Production of large-scale mass distribution, which, associated with the research and development of Sharp would allow a return of image, the entrance into new markets, and increased profitability.
The acquisition of the Japanese company would allow the Foxconn strategic access to new technological frontier in the world of TV, the latest generation developed in Japan of OLED displays (Organic Light Emitting Diode), currently the highest definition video on thin and even folding monitor. An affordable quality jumping accessible in the name of dynamism.
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02/25/2016
REUTERS
02/24/2016
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02/25/2016
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}
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});
// ———————————————— -
// Upwards Arrow Click
//
// ———————————————— -
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