“Japanese supplier Sharp is negotiating with Hon Hai Precision Industry — better known as Foxconn — on a deal that would see the former spin off its display panel business to create a new joint venture, according to a Monday report,” Roger Fingas reports for APpleInsider.
“Under the proposed plan, Hon Hai — and possibly other parties, including Japan’s state-controlled Innovation Network Corporation — would then make investments in the newly-independent LCD company, according to Reuters,” Fingas reports. “In July, Sharp CEO Kozo Takahashi said that he was open to restructuring both the display and consumer product sides of the company in light of declining revenues.”
Fingas reports, “The companies are key Apple suppliers, and just last week it was rumored that Sharp will be manufacturing displays for Apple’s 12.9-inch ‘iPad Pro,’ while Foxconn will take on the tablet’s touch module fabrication, lamination, and module assembly.”
Read more in the full article here.
MacDailyNews Take: Poor Sharp really is in desperate need of some good news.
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