Foxconn Completes Acquisition Of Sharp

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Taiwan’s Foxconn, the world’s biggest contract electronics manufacturer, agreed to acquire Japan’s Sharp Corp for about $3.5 billion.

The company that, among many things, has huge manufacturing facilities in China making iPhones, is taking roughly a two-thirds stake in the Japanese display and electronics manufacturer. It’s the biggest acquisition to date in Japan’s arguably fading consumer tech business.

The deal, suggests the news agency Reuters, gives Foxconn “control of Sharp’s advanced screen technology, which it does not have, and helps strengthen its pricing power with major client Apple.”

It’s not yet clear, as you might, what the deal’s implications are for Sharp’s commercial display business. The company also makes everything from microwaves to air purifiers.

Dave Haynes

Dave Haynes

Editor/Founder at Sixteen:Nine
Dave Haynes is the founder and editor of Sixteen:Nine, an online publication that has followed the digital signage industry for more than a decade. Dave does strategic advisory consulting work for many end-users and vendors, and also writes for many of them. He's based near Toronto.
Dave Haynes

@sixteennine

Decade-old blog about digital signage and related tech, written by industry consultant and shit-disturber Dave Haynes.
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1 Comment

  • ATL says:

    Finally……Hope this facilitates SHARP on having a competitive edge with regards to their pricing in the LFD space to better compete with NEC, LG and Samsung.

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