Japan a bit too pricey
Foxconn and Sharp are to set up a $6.95 billion10.5G or 11G LCD TV panel factory in China. Needless to say Foxconn is stumping up most of the cash and Sharp is to providing the manufacturing technology.
Expects significant improvement
Troubled Japanese telly maker Sharp is expecting significant improvement in annual profit due to restructuring with its new owner Foxconn.
Back in the game
Japan's Sharp is to spend $570 million on its OLED screen business in one of the first major investments since it was taken over by Foxconn.
5.5-inch 1080p display with Helio X20 SoC
Yesterday Sharp announced a new second-generation Aquos Z2 smartphone for the Taiwan market. The device includes a 10-core MediaTek Helio X20 SoC, a 5.5-inch 1920x1080 display and 4GB of RAM, among other specifications.
Fastest growing companies
Beancounters working for IC Insights have added up their numbers and divided them by the age of their eldest child and reached the conclusion that MediaTek and AMD grew the most in the second quarter of 2016.
TVs will use other manufacturers’ materials
Panasonic has given up making LCD panels for televisions because the price competition has become a little too steep.
Reduced the price
After much messing around, Foxconn has finally agreed to buy Sharp at a 20 per cent discount.
Foxconn expected to lower its offer
Sharp has warned that its annual earnings were likely to fall short of its official guidance citing a slowing China market just as Foxconn is expected to lower its offer for the loss-making Japanese display maker.
Writes $5.8 billion cheque
Sharp has accepted Foxconn's offer and will be acquired for $5.8 billion.