“Terry Gou, the founder of Apple supplier Foxconn, could be moving closer to defining his U.S. expansion strategy with a tighter grip on a key LCD maker just as friendly rival Masayoshi Son’s $50 billion American investment pledge begins to take shape,” Mariko Iwasaki reports for TheStreet.

“Foxconn, also known as Hon Hai Precision Industry, raised its interest in Sakai Display Products, a unit of Japan’s Sharp, which it also owns, in a move that puts the Taiwanese components supplier one step closer to a transition into the end-products business,” Iwasaki reports. “Last week, Sharp said it will buy 56.7% in Cyprus-based Skytec UMC, a holding company which owns Slovakia-based Universal Media and UMC Poland, which are both involved in TV [set making] operations.”

“The move signifies comeback in the arena of TV making by Sharp, once a leading LCD TV maker which lost its momentum after badly-timed investments,” Iwasaki reports. “Foxconn has also publicly committed to U.S. expansion after Softbank’s Son was shown with papers bearing the Foxconn logo during a photo shoot with President elect Donald Trump on Dec. 6 in which the Japanese billionaire pledged to invest $50 billion and create 50,000 new jobs.”

U.S. President-elect Donald Trump and Softbank

U.S. President-elect Donald Trump and Softbank

 
“SoftBank’s promise appeared to take shape Wednesday when Trump told reporters outside his Florida estate that Sprint and satellite company OneWeb would create 8,000 new American jobs — ‘taking them back from other countries,'” Iwasaki reports. “Foxconn’s move to both control Sakai Display and direct a resurgence for Sharp in TV production by taking on Samsung could signal its ultimate ambitions in the U.S., where it has manufacturing sites in Virginia and Indiana and logistics operations in California and Texas.”

Read more in the full article here.

MacDailyNews Take: And Apple CEO Tim Cook just happened to be spending part of his Christmas-New Year’s vacation in Manhattan.

Two of Apple’s most important partners are SoftBank (which owns ARM Holdings) and Apple product assembler Foxconn.

SEE ALSO:
President-elect Trump meets privately with Apple CEO Cook, tells tech leaders: ‘I’m here to help you folks do well’ – December 14, 2016
Apple supplier Foxconn plans U.S. expansion amid President-elect Trump’s Made in America push – December 7, 2016
President-elect Trump named TIME’s Person of the Year; tells Apple CEO Cook: ‘It’s my ambition to get Apple to build a great plant, your biggest and your best’ – December 7, 2016
Softbank to invest $50 billion in the U.S., create 50,000 new tech jobs after meeting with President-elect Trump – and Apple supplier Foxconn is in on the deal – December 6, 2016
President-elect Trump invites tech leaders to roundtable in Manhattan next week – December 6, 2016
President-elect Trump meets with Apple board member Al Gore at Trump Tower in Manhattan – December 5, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Apple could make iPhones in the U.S.A. under President Trump, sources say – November 17, 2016
Sharp President confirms Apple iPhone transition to OLED displays – October 31, 2016
Apple in talks with Sharp to supply OLED screens for future iPhones – September 30, 2016
Japan’s Softbank just became one of Apple’s most important suppliers – July 18, 2016
Apple supplier Sharp names Foxconn exec as CEO to spearhead revival – May 12, 2016
Apple supplier Sharp preps AMOLED displays after Foxconn acquisition – April 6, 2016