Huge Loss & Management Dismissals Induce Sharp Pain at Sharp Corp.

Sharp Corp. announced this week the worst net loss in its long corporate history for the fiscal year that ended March 31, 2013. Booking a net loss of ¥545.35 billion ($5.4 billion), the company has aggressively moved to shake up … Continue reading

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

Taiwan’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 … Continue reading

Foxconn International Reports Biggest Financial Loss in Its History

Foxconn International Holdings Ltd. (FIH), announced today that for fiscal year 2012 the company had the biggest loss ever since it listed its stock in 2005. FIH, which says it is the world’s largest contract manufacturer of cellphones, booked a … Continue reading

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

A 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 … Continue reading

Samsung Takes Significant Stake in Sharp Corp.

*STORY UPDATED BELOW* – FOXCONN ‘OFFENDED’ The 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. … Continue reading

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

The 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, … Continue reading

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

 BREAKING NEWS The 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, … Continue reading

Sharp Spike in Sharp’s Prospects – Said to Working with Hon Hai on Apple iTV

The Wall Street Journal is reporting today that unnamed sources are telling it that Apple has built and is testing a large screen, high definition television that it has worked closely with Asian suppliers to create. Most notably, these sources … Continue reading

The Good News Just Keeps on Coming for Sharp

Just one day after Qualcomm, Inc. announced a technology pact and investment deal with Japan’s troubled Sharp Corp., word comes out of Taiwan that Hon Hai Precision Co. Ltd. may still be interested in taking a major position in the … Continue reading

Sharp Asks 2,000 Employees to Leave – 3,000 Raise Their Hands

Sharp Corp., the struggling Japanese manufacturer that is widely reported to be scrambling to survive, recently offered buyout packages to employees hoping that 2,000 would agree to leave the company. To their surprise, almost 3,000 employees volunteered to leave – … Continue reading