In Search of Profits, Panasonic Pulls Out of LCD Panel Production

In yet another sign of Japan’s struggle with the flat panel TV business, Panasonic Corp. will stop all LCD panel production at its last such factory. Reports out of Japan say the company has determined that competition from Korea and … Continue reading

Sharp Considering Cutting Another 1,000 Jobs

Company Says Idea is Their Own, Not A Foxconn Requirement Sharp Corp., the embattled Japanese manufacturer best known for LCD flat-panel televisions and soon to be division of Hon Hai Precision Industry Co., (a Taiwanese company better known as Foxconn) … Continue reading

On Saturday, Sharp Becomes Taiwanese

Savvy Negotiating by Gou Lands Him Sharp At a Discount The Boards of both Hon Hai Precision Industry Co. (better known as Foxconn) and Sharp Corp. have approved the acquisition of 66% of the outstanding shares of Sharp by the … Continue reading

After Big Setback, Sharp-Foxconn Deal Expected Soon

Newly Discovered Liabilities Nearly Derail Deal In what most Japanese media are calling a due diligence blunder, a potential deal for Hon Hai Precision Industry, better known as Foxconn, to buy Sharp Corp. was nearly scuttled when over $3 billion … Continue reading

Foxconn’s Full Court Press to Win Sharp

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

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

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

Hon Hai Precision Makes Play to Acquire Sharp

BREAKING NEWS Sharp’s Stock Price Skyrockets on News – Up Over 8% in Trading Yesterday The media in Japan is reporting that Hon Hai Precision Industry Co., a Taiwanese manufacturer mostly known for its Foxconn OEM division that is Apple … Continue reading

Japanese Media Speculates Sharp May Not Survive the Winter

Toshiba, 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 … Continue reading

Five Former Foxconn Employees Indicted in Kickback Scandal

Foxconn 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 … Continue reading

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

Foxconn 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 … Continue reading