Breaking News

Introducing G-SYNC Ultra Low Motion Blur 2 MediaTek Partners With NVIDIA to Transform Automobiles With AI and Accelerated Computing NVIDIA CEO Unveils Gen AI Platforms for Every Industry QNAP Highlights Smart AI Surveillance Solution and much more at Computex 2023 Days of Play 2023 sale kicks off on June 2

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Foxconn Makes Offer To Buy Sharp's LCD Business: report

Foxconn Makes Offer To Buy Sharp's LCD Business: report

Enterprise & IT Sep 21,2015 0

Hon Hai Precision Industry, better knows as Foxconn, has offered to buy Sharp's liquid panel display (LCD) business and plans to seek funding from Apple, the Nikkei business daily reported on Monday. Sharp said it could not yet comment on the report except to say it was "considering various options for the restructuring of the LCD business".

Hon Hai also declined to comment.

Sharp was once a highly profitable manufacturer of TVs and a favored screen supplier to Apple and others, but it has come under heavy pricing pressure from South Korean rivals.

In May, it sought a bailout of roughly $1.9 billion from banks and promised to cut 5,000 jobs, or 10 percent of its staff.

Rumors of a possible tie-up of Sharp with Hon Hai as well as cash injections from other entities had emerged last month.

Tie-up talks between Hon Hai and Sharp fell through in 2012 after the Japanese company baulked at demands that it said would have given the Taiwanese firm too much control.

Tags: Hon Hai/Foxconn Technology GroupSharp
Previous Post
Nero 2016 Released To help You Master Your PC, Mobile And Streaming Data
Next Post
Hackers Targetted Apple App Store

Related Posts

  • LEICA CAMERA AG AND SHARP CORPORATION ANNOUNCE TECHNOLOGY PARTNERSHIP IN THE SMARTPHONE PHOTOGRAPHY SEGMENT FOR THE JAPANESE MARKET

  • Foxconn’s Q1 Profit Influenced by Slow Smartphone Sales

  • Sharp Cuts Full-year Profit Forecast as Virus Impacts Demand

  • Foxconn to Assemble Procedural Masks in Wisconsin for Pandemic Relief

  • Sharp Unveils New Flagship AQUOS CX1 8K series of TVs

  • Foxconn Says 5G IPhone Fall Launch is Feasible

  • NEC and Sharp to Combine Their Display Solution Businesses

  • Sharp Sues Tesla Over Violation of Communication Tech Patents

Latest News

Introducing G-SYNC Ultra Low Motion Blur 2
GPUs

Introducing G-SYNC Ultra Low Motion Blur 2

MediaTek Partners With NVIDIA to Transform Automobiles With AI and Accelerated Computing
Enterprise & IT

MediaTek Partners With NVIDIA to Transform Automobiles With AI and Accelerated Computing

NVIDIA CEO Unveils Gen AI Platforms for Every Industry
Enterprise & IT

NVIDIA CEO Unveils Gen AI Platforms for Every Industry

QNAP Highlights Smart AI Surveillance Solution and much more at Computex 2023
Enterprise & IT

QNAP Highlights Smart AI Surveillance Solution and much more at Computex 2023

Days of Play 2023 sale kicks off on June 2
Gaming

Days of Play 2023 sale kicks off on June 2

Popular Reviews

Pioneer BDR-S13U-X Blu-Ray Recorder

Pioneer BDR-S13U-X Blu-Ray Recorder

EnGenius ECW230S AP

EnGenius ECW230S AP

Pioneer BDR-X13U-S

Pioneer BDR-X13U-S

Pioneer BDR-XD08UMB-S External Blu-Ray Recorder

Pioneer BDR-XD08UMB-S External Blu-Ray Recorder

be quiet! Pure Rock 2 FX

be quiet! Pure Rock 2 FX

be quiet! Pure Loop 2 FX (280mm)

be quiet! Pure Loop 2 FX (280mm)

Creative Zen Hybrid

Creative Zen Hybrid

be quiet! Silent Wings Pro 4

be quiet! Silent Wings Pro 4

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed