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Foxconn Parent Company Hon Hai Buys Big Share of Sharp

By - Source: PCWorld | B 10 comments

Hon Hai Precision Industry, parent of Foxconn, announced that it has acquired a 10 percent share of consumer electronics unit of Sharp, as well as almost half of the shares in LCD maker Sharp Display Products.

Hon Hai paid about $806 million, which is expected to provide the company with access to basically half of all LCD panels produced by the company. Given the increasing importance of display technologies, this could give Hon Hai and especially Foxconn a huge strategic advantage in computer electronics manufacturing.

Sharp, however, is currently especially focused on large-screen displays for TVs and has been hit with significant price declines that forced the company to dip deep into the red over the past twelve months. The company expects to report a loss of nearly $3.5 billion for the most recent fiscal year. With the help of Hon Hai, Sharp could enter the market for more profitable smartphone and tablet displays more easily, especially if Foxconn could directly offer a display supply to its customers. Increased demand would enable Sharp to decrease costs per units.

Foxconn assembles products for several leading IT companies around the globe, including Apple, Dell, Hewlett-Packard, Sony and Nintendo.

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Top Comments
  • 10 Hide
    JOSHSKORN , March 28, 2012 1:22 PM
    Quote:
    Hon Hai Buy Big Share of Sharp

    Just say that about 5 times really fast.
Other Comments
  • 5 Hide
    halcyon , March 28, 2012 1:18 PM
    ...and here come the Foxconn-worker comments in 3-2-1...

    Will this mean beautiful Chinese women will be less likely to want to commit suicide?
  • 10 Hide
    JOSHSKORN , March 28, 2012 1:22 PM
    Quote:
    Hon Hai Buy Big Share of Sharp

    Just say that about 5 times really fast.
  • Display all 10 comments.
  • -3 Hide
    trumpeter1994 , March 28, 2012 1:48 PM
    Oh boy looks like theres gonna be mass protests and suicides outside of Sharp factories too now....
  • 5 Hide
    Warsaw , March 28, 2012 3:29 PM
    JOSHSKORNJust say that about 5 times really fast.

    Actually did try this, it's rather hard.
  • 2 Hide
    plznote , March 28, 2012 4:24 PM
    greghomeand just like that, Foxconn employees will be less likely to jump off the roof due to fear of sharp sticks on the factory grounds

    Why would they care? They aim to kill themselves anyway.
  • 0 Hide
    spookyman , March 28, 2012 4:43 PM
    I want to thank that 10 year old child who assembled my Ipad. Great Job.

    Maybe you will get a promotion and not have to live in a card board box down by the toxic sewer.

  • 0 Hide
    sonofliberty08 , March 28, 2012 4:52 PM
    well...... sharp panels are more reliable than samsung panels......
  • 2 Hide
    cpviolation , March 28, 2012 6:04 PM
    Foxconn installed a net around the employees living quarters to curb the suicide rate.

    Six employees per room that are instructed not to communicate with each other.

    Modern day slavery.

    However it is difficult to boycott their products. Besides producing products for iPopple, almost every motherboard uses Foxconn connectors for I/O.

    J
  • 0 Hide
    halcyon , March 28, 2012 7:13 PM
    They assembled my iPads really well. I'd like to tip the responsible workers specifically.
  • 0 Hide
    Benihana , March 29, 2012 4:27 AM
    mnbvcxzzMaybe you will get a promotion and not have to live in a card board box down by the toxic sewer.

    We heard you the first time troll.