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Foxconn

Foxconn’s Full Court Press to Win Sharp

January 27, 2016 by Ted Leave a Comment

CEO Gou Goes All Out – Meets Face-to-Face with Japanese Gov’t Officials

Photo of Sharp DisplayAlthough the odds appear stacked against Taiwan’s Foxconn in its bid to acquire Sharp Corp., new reports suggest that CEO Terry Gou has intensified his efforts to win the troubled Japanese giant by meeting directly with Japanese government officials and offering new promises. In a report out of Japan by Reuters, sources are saying that Gou will do whatever it takes to win the company, including detailing more of his plans to assuage concerns and eliminate opposition to the deal.

But can Gou pull it off over a competitive bid from a government-backed entity?… [Read more…] about Foxconn’s Full Court Press to Win Sharp

Filed Under: Asian Connection, Financial, News, Pivot Point Tagged With: Foxconn, Hon Hai Precision Industry Co., INCJ, Innovation Network Corp. of Japan, Sharp, Terry Gou

Foxconn Goes All In – Ups Offer to $5.3 Billion to Bag Sharp

January 21, 2016 by Ted Leave a Comment

But Will They Lose Out to a Bid Only Half as Much?

Photo of Terry Gou

Hon Hai Precision Industry Co., the largest Apple, Inc. supplier that is better known as Foxconn, has upped the ante according to a report in the Wall Street Journal, doubling their initial offer to a big $5.3 billion. Yet many in Japan are predicting that the Taiwanese company will lose to another bid rumored to be only half as much. How is that possible?

See the rapidly increasing drama surrounding a once mighty world brand… [Read more…] about Foxconn Goes All In – Ups Offer to $5.3 Billion to Bag Sharp

Filed Under: Asian Connection, Financial, News, Pivot Point, Strategy Tagged With: Foxconn, Hon Hai Precision Industry Co., INCJ, Innovation Network Corp. of Japan, Japan Display, Sharp, Sharp Corp., Terry Gou

Japanese Media Speculates Sharp May Not Survive the Winter

December 22, 2015 by Ted Leave a Comment

Image of Sharp logoToshiba, who is on the verge of announcing a record loss and plans another round of layoffs, is far from the only Japanese giant who is stumbling. A new analysis by the Nikkei suggests it’s possible that Sharp Corp. may not have enough cash to survive the winter – despite the fact that multiple potential suitors are swirling around them in a head-spinning series of negotiations that, so far, are unproductive. And the news of these new troubles have surfaced after they successfully concluded negotiations for a ¥200 billion bank bailout in April.

See more on how Sharp’s situation has deteriorated this year… [Read more…] about Japanese Media Speculates Sharp May Not Survive the Winter

Filed Under: Asian Connection, Financial, Manufacturers, News, Pivot Point, Strategy, Tech Trends Tagged With: and Industry, Foxconn, Hon Hai Precision Industry Co., Innovation Network Corp. of Japan, Japan Display, Kozo Takahashi, METI, Ministry of Economy, Sharp, Terry Gou, Toshiba, Trade

Five Former Foxconn Employees Indicted in Kickback Scandal

May 21, 2014 by Ted Leave a Comment

foxconn-buildingFoxconn Technology Group, a division of Hon Hai Precision Industry Co. and a key supplier to major brands like Apple, Inc. and HP (formerly Hewlett Packard), had five former employees indicted by Taiwanese prosecutors on Wednesday in a major kickback scheme involving illicit payments from suppliers. The announcement of the scandal is sure to cause significant embarrassment for the company.

See more on this dramatic announcement from the Taipei District Prosecutors Office… [Read more…] about Five Former Foxconn Employees Indicted in Kickback Scandal

Filed Under: Asian Connection, Brands, Manufacturers, News Tagged With: Foxconn, Hon Hai Precision Industry Co.

Taiwan’s Foxconn Looks to Build Factories in the U.S. – Six States Compete for Selection

January 29, 2014 by Ted Leave a Comment

Foxconn logoFoxconn Technology Group, a Taiwanese company with manufacturing plants in China, and the world’s largest manufacturer of electronics – is looking to build one or more factories here in the U.S. The company, mostly known as the primary manufacturer of Apple’s popular iPhone, is in negotiations with Arizona and Colorado, according to a report by Bloomberg. But four other states have thrown their hats into the ring as well.

See more on this turn of events, a Taiwanese company building factories in the U.S…. [Read more…] about Taiwan’s Foxconn Looks to Build Factories in the U.S. – Six States Compete for Selection

Filed Under: Asian Connection, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Amazon.com, Dell, Foxconn, Hewlett-Packard, Hon Hai Precision Industry Co., HP, Microsoft

Hon Hai’s Q1 Sales Drop More Than Expected, Hurt by Slipping Demand for iPhone

April 10, 2013 by Ted Leave a Comment

Picture of Hon Hai facilityTaiwan’s Hon Hai Precision Industry Co. Ltd. reported today that sales for the first quarter had dropped by 19 percent from the same period last year. Hon Hai, better known by the name of a large division called Foxconn, is a key supplier to Apple, Inc. and analysts point to this as another indicator of Apple’s slipping dominance of the smartphone business.

See more on this unexpected result… [Read more…] about Hon Hai’s Q1 Sales Drop More Than Expected, Hurt by Slipping Demand for iPhone

Filed Under: Financial, Manufacturers, News Tagged With: Apple, Foxconn, Hon Hai Precision Industry Co., iPad, iPhone

New Details of Drama Emerge in Continuing Sharp & Samsung Soap Opera

March 14, 2013 by Ted Leave a Comment

Photo of model at Samsung boothA story that has stunned many in Japan, the partnership between two former arch-rivals Sharp Corp. and Samsung Electronics Co., continues to churn out surprising new details of the backroom drama worthy of the most melodramatic soap opera. As the Japanese press digs up more of these stories, it is clear that Sharp – as desperate as it had become – was nervous, measured, and a little tentative in approaching the new pact.

See some of the surprising behind-the-scenes drama that is emerging from this unusual partnership… [Read more…] about New Details of Drama Emerge in Continuing Sharp & Samsung Soap Opera

Filed Under: Asian Connection, Management, Manufacturers, News, Strategy Tagged With: Consumer Electronics Show, Foxconn, Hon Hai Precision Industry Co., IGZO, Japan Ministry of Economy, Lee Jae-young, Lee Kun-hee, Mikio Katayama, Samsung, Sharp, Takashi Okuda, Terry Gou

Samsung Takes Significant Stake in Sharp Corp.

March 5, 2013 by Ted Leave a Comment

*STORY UPDATED BELOW* – FOXCONN ‘OFFENDED’

Samsung GraphicThe Nikkei reported today that South Korea’s Samsung Electronics Company has agreed to invest ¥10 billion ($107 million) into former high-flying, now troubled Sharp Corporation as it continues to struggle to raise much-needed cash. According to the report, Sharp will issue the shares to Samsung possibly as early as this month.

The surprise announcement signifies that Samsung will have own significant share of Sharp… [Read more…] about Samsung Takes Significant Stake in Sharp Corp.

Filed Under: Asian Connection, Financial, Manufacturers, News, Pivot Point, Strategy Tagged With: Apple, Foxconn, Hon Hai Precision Industry Co., iPhone 5, Samsung, Sharp

Apple Supplier Foxconn Halts Expansion and Freezes Hiring; Sign of iPhone Slump?

February 21, 2013 by Ted Leave a Comment

Photo of Apple iPhone 5The Nikkei in China reported today that it has learned that key Apple, Inc. supplier Foxconn Technology Group (also known as Hon Hai Precision Industry Co.) has stopped plans to expand its production capacity at its large facility in Zhengzhou, China. This is the facility that assembles smartphones such as Apple’s iPhone5 and the news has set Wall Street buzzing that this is another sign of the waning dominance of the formerly powerhouse iOS line.

Separately, Foxconn fueled the fire by additionally announcing a freeze on hiring factory workers at the plant. Reuters is reporting that the Foxconn freeze extends to all of their factories in China.

But Foxconn denies it is due to any one customer. So what’s the deal?… [Read more…] about Apple Supplier Foxconn Halts Expansion and Freezes Hiring; Sign of iPhone Slump?

Filed Under: Asian Connection, Manufacturers, News, Pivot Point Tagged With: Apple, Dell, Foxconn, Hewlett-Packard, Hon Hai Precision Industry Co., iPhone 5

In a Surprise Move – Sharp is Negotiating to Merge It’s Foundering TV Operations with China’s Lenovo

January 17, 2013 by Ted Leave a Comment

 BREAKING NEWS

Photo of Sharp DisplayThe Nikkei is reporting today that Sharp Corp., the struggling Japanese flat-panel TV manufacturer, is in the final stages of negotiations to merge its television division with China’s largest personal computer manufacturer – Lenovo Group, Ltd. If successful, Lenovo could leapfrog the competition to become one of the largest television manufacturers in the world.

See more on this surprise announcement out of Japan… [Read more…] about In a Surprise Move – Sharp is Negotiating to Merge It’s Foundering TV Operations with China’s Lenovo

Filed Under: Asian Connection, Industry Trends, Manufacturers, News, Pivot Point, Strategy Tagged With: Bank of Tokyo-Mitsubishi UFJ, Foxconn, Hon Hai Precision Industry Co., Lenovo, Mizuho corporate Bank, Sharp

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A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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