As explained by the Reuters news agency, the signing of the necessary documents Hon Hai Precision Industry and Sharp took place in Osaka yesterday. At a press conference Foxconn head , which now has a package of 66% shares of Sharp, declined to make forecasts on terms of return to break even. They only said that it will be a long and arduous journey. Interestingly, Foxconn is going in collaboration with Sharp to develop the market, Internet of things and smart household appliances.
Along the guide market participants criticized Foxconn for overreliance OLED type displays. Undoubtedly, Sharp will continue to produce and improve them, but in a proportion of not more than 40% of the total production program. The remaining 60% of the issue volume Sharp display, according to the new majority shareholder, would be for IGZO panel type. Apple used such products in tablet displays . According to head of the Foxconn, if he was an engineer, I would have preferred it IGZO technology. In any case, these displays consume less power than OLED.
Foxconn will try to avoid cuts at Sharp facilities. Related Products :
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