“Hon Hai, known by the trade name Foxconn, has been aggressively building up its capability to manufacture large panels used in high-resolution televisions,” Luk reports. “As part of its move to increase its know-how in the panel business, it has bought some Sharp assets and has been negotiating with the Japanese company to buy a 10% stake, but the two sides have yet to agree on a price. ‘We hope to help turn around Sharp’s operation,’ Mr. Gou told shareholders at Hon Hai’s annual general meeting. ‘I believe that Sharp will make a wise decision.’”
Luk reports, “People familiar with the situation have told The Wall Street Journal that Apple Inc. is testing high-resolution TV designs with Hon Hai and Sharp, which could be a boon for both companies… Hon Hai is the main assembler of Apple’s iPhones and iPads and the world’s biggest contract manufacturer of electronics.”
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