Foxconn can buy Sharp LCD business

Sharp has struggled for years and now the information from Japan indicates that for the right to buy the manufacturer’s entire war broke out.

Foxconn can buy Sharp LCD business

Allegedly, the Foxconn offered to buy the company for $ 5.1 billion. The Sharp is one of the suppliers of displays for Apple’s company, and the Foxconn, in turn, is one of the main manufacturers of iPhone.

Not surprisingly, the Chinese company wants to combine production. Chairman of the Foxconn, Terry Gou, has bought a 38% LCD Business Sharp’s back in 2012.

Innovation Network Corporation of Japan – fund controlled by the state – has also put forward its proposal, because they are interested in maintaining ownership Sharp in Japan. Earlier INCJ invested in Japan Display Inc. – Formerly a joint venture between Sony, Toshiba and Hitachi.

By the way, INCJ may also be interested in buying podrazdelenif of Toshiba. So it can be part of a larger plan, which is to unite Japan Display Inc., Sharp and Toshiba.

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