Foxconn is ready to reconsider the amount of transaction with Sharp

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POSTER: computer news   ||   FOXCONN IS READY TO RECONSIDER THE AMOUNT OF TRANSACTION WITH SHARP	DATE:2012-08-06
In late March, Hon Hai Precision Industry company, better known to us as Foxconn and the main contractor for the production of  Apple products, has announced intentions to buy 10% of Sharp Corporation shares and a half share of Sharp's joint venture with Sony to produce LCD displays.  Foxconn came under the control of advanced Sharp Display Products factory in Sakai, Sony decided to sell its share of the joint venture ,  the factory was named Sakai Display Products. Foxconn has applied for a revision of  deal terms with Sharp to acquire 10% stake in the corporation.  If at the end of March, one share was worth 550 yen, after the publication of a quarterly report last week, Sharp exchange rate fell to 192 yen.  Foxconn wants to reduce the amount to pay for a stake in Sharp's .  The size of acquired shares due to falling stock prices will not be reviewed. Foxconn said that now the degree of equipment loading at Sakai Display Products does not exceed 60-70%, but in 2013 this figure will reach 100%.  Perhaps Sharp products will be increasingly used to create mobile Apple, Foxconn will expand the range or proposed solutions with liquid crystal displays.   Related Products :

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