The Made in March this year preliminary agreement between Foxconn and Sharp to transfer about 10% of the shares at the price of the last 550 yen apiece were subsequently revised, as the Japanese corporation's stock price has since dropped three times, and the terms of transaction are no longer appropriate to the buyer . However, this did not prevent Foxconn head to get half of best Sharp Display factory to produce LCD panels, so in one form or another cooperation between the companies will continue, even if the shares of the parent company will not be bought by Foxconn institutions.
Sharp representatives expressed their willingness to make concessions, but Foxconn is anxiously awaiting the announcement of the financial results, wanting first to assess the dynamics of financial Sharp indicators , before continuing negotiations. Sharp is trying to find alternative investors in exchange for the security of supply of advanced LCD displays. Among the potential investors are referred Intel, Dell and Qualcomm.
Perhaps all three companies will be involved in supporting Sharp simultaneously. It is assumed that Intel and Dell will invest $ 244 million in the corporation. Investments can be made in the form of assets or liabilities. Sharp is a manufacturer of economical displays, produced by IGZO technology. Handset manufacturers may be interested in obtaining preferences for delivery of such displays. Intel and Qualcomm producing chips for mobile devices, and their interest in supporting Sharp may imply involvement in the scheme of collecting the final products.