Foxconn to Help Sharp Survive Ensuring Supply of Components for Apple

Posted August 6, 2012 at 8:01pm by iClarified | Please help us and submit a translation by clicking here | 4302 views

Foxconn will be key to keeping Sharp alive thus ensuring a stable supply of components for Apple, reports Bloomberg.

Sharp's shares collapsed to the lowest level in 37 years in Tokyo and its bonds fell after the maker of Aquos TVs forecast an annual loss of 250 billion yen ($3.2 billion), bigger than the company's market valuation. That slump prompted Foxconn to announce Aug. 3 it will seek a lower price for its 9.9 percent stake while pledging to forge ahead with the deal.

Foxconn wants a stake in Sharp to secure access to the latest technology for parts used by its biggest customer, Apple. In offering a lifeline, Gou is betting that Sharp will continue to provide it with key components for the iPads and iPhones that Foxconn assembles, while ensuring one of Apple's important suppliers survives.

Last week Sharp revealed it would start shipping screens this month that were destined for the iPhone, perhaps in an attempt to incite some confidence in the company.

"Shipments will start in August," Sharp's new president, Takashi Okuda, said at a press briefing in Tokyo on Thursday after the company released its latest quarterly earnings.

The next iPhone is said to feature in-cell touch panels that integrate touch sensors into the thin-film transistor (TFT) LCD manufacturing process.

Read More

Add Comment
ratGT - August 6, 2012 at 11:26pm
Wow... That was close... It would have been a pity otherwise...
Dish - August 7, 2012 at 12:36am
I know you fucking gay retard sorry I got Tourette's
Samsung=Shiite - August 7, 2012 at 2:41pm
Why is it in Foxconn's interest to keep sharp afloat?
shojus - August 7, 2012 at 4:02pm
Maybe they should have just stuck with a premium company like SAMSUNG!!!!
Samsung=Shiite - August 8, 2012 at 2:07am
I doubt Samsung has these power enough to produce billions of screens
Follow iClarified
How the Apple Watch Sales Process Will Work
New information has surfaced detailing how th...
Tim Cook: Pro-discrimination 'Religious Freedom' Laws are Dangerous [WP]
Apple CEO Tim Cook expresses his concern over...
Apple Will Not Sell the Apple Watch to Walk-In Customers at Launch
The Apple watch will not be sold to walk-in c...
Best Buy is Shutting Down Future Shop
Best Buy has announced that it's shutting dow...
RecordPause Tweak Lets You Pause and Resume Video Recording on Your iPhone