Absorption by Sharp Foxconn – the details of the transaction

Absorption by Sharp Foxconn - the details of the transaction

According to Taiwan media, Foxconn saw $ 1.79 for the development of OLED technology. According to reports, the united company will start commercial production of OLED-panels in 2018 and begin with displays for smartphones. Displays for tablets, laptops and TVs to follow a few years later.

After four years of efforts to acquire the company Sharp Corporation Foxconn, the latter finally managed to gain control of the Japanese technology giant and best known these days displays manufacturer. Although the takeover Sharp reported earlier this week, but we now know the details of the transaction.

Absorption by Sharp Foxconn - the details of the transaction

According to Taiwan media, Foxconn saw $ 1.79 for the development of OLED technology. According to reports, the united company will start commercial production of OLED-panels in 2018 and begin with displays for smartphones. Displays for tablets, laptops and TVs to follow a few years later.

Given the fact that Sharp is one of the leading companies engaged in the development IGZO displays, and it is likely that Foxconn is considering the possibility to apply the technology in the development of OLED-panels to be manufactured by Sharp for Foxconn.

OLED-panels for smartphones from Sharp will be in 2018, and in 2021 the company will be able to begin deliveries of panels for large devices. According to estimates, in 2021 Foxconn and Sharp will provide about 3 million panels, but the company will be able to ramp up production to 10.4 million units a year by 2025.

As for television, the report states that the company will be able to produce 252,000 units in 2021 and to increase the productivity of up to 7.2 million units in 2025.

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