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You are here: Home / Archives for Sharp

Sharp

Sharp & Foxconn Stiff Korean Factory Equipment Suppliers on Money Owed

October 31, 2019 by Ted Leave a Comment

Image of Sharp logo

Korean media is reporting that Sharp, the former Japanese powerhouse brand now owned by Taiwan’s Foxconn, is late on approximately tens or even hundreds of millions of dollars worth of payments to Korean factory gear makers. Not only are they late, but they are said to be demanding even more discounts on the outstanding debt owed to multiple South Korean suppliers of factory equipment destined for use in LCD production factories. All of this is being done in violation of covenants in their purchase contracts with these suppliers.

This dispute may raise to level of government intervention.

What is Sharp & Foxconn doing? And why?…

[Read more…] about Sharp & Foxconn Stiff Korean Factory Equipment Suppliers on Money Owed

Filed Under: Associations, Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: Foxconn, LCD panels, Sharp, South Korea

Sharp Plans Major Investment in U.S., Paying Fealty to Trump

February 8, 2017 by Ted 1 Comment

Sharp investing in U.S.Sharp Corp., a subsidiary of Taiwan’s Hon Hai Precision Industry Co. which is better known as Foxconn, has said in Japan that it plans to make a major investment in the United States. This announcement precedes by just two days a summit meeting between Japanese and U.S. leaders and is seen as a political move to buy favor with both the Japanese and U.S. governments.

See more on this Sharp plan which originated with Foxconn’s CEO Terry Gou… [Read more…] about Sharp Plans Major Investment in U.S., Paying Fealty to Trump

Filed Under: Asian Connection, Management, News, Strategy Tagged With: Foxconn, Hon Hai Precision Industry Co., President Trump, Sharp, Shinzo Abe, Terry Gou

Sharp Strikes Again – Terminates LCD Panel Supply to China’s Hisense

December 21, 2016 by Ted Leave a Comment

Sharp Parent Foxconn Appears to be Playing Global Hard Ball

Hisense logoJust days after we told you about Sharp’s decision to stop supplying LCD panels to global TV leader Samsung – a decision that shocked many in Japan – apparently, they’ve done it again. The Nikkei in Japan is reporting that panel pricing negotiations have apparently broken down between Sharp and China’s Hisense Group with the parties unable to agree on a fair price. As a result, Sharp has notified Hisense it will also stop supplying them with panels in 2017.

The industry is positively buzzing about these power moves by Sharp… [Read more…] about Sharp Strikes Again – Terminates LCD Panel Supply to China’s Hisense

Filed Under: Asian Connection, Industry Trends, Manufacturers, News, Pivot Point, Strategy Tagged With: Foxconn, Hisense, Hon Hai Precision Industry Co., Samsung, Sharp, Terry Gou

Power Move: Sharp to Terminate LCD Panel Supply to Samsung

December 15, 2016 by Ted Leave a Comment

‘Samsung Scrambling to Find New Sources’ – Looks to LG

Samsung logoThe media in Japan positively exploded this week with the shocking news that Sharp has notified Samsung it will no longer supply the world’s top seller of LCD TVs with the panels they need for their sets. Samsung was Sharp’s largest customer, but in a shocking power move, after negotiations broke down – Sharp said no deal.

Could this be a sign of a new Sharp, now that it’s part of Foxconn? [Read more…] about Power Move: Sharp to Terminate LCD Panel Supply to Samsung

Filed Under: Asian Connection, Brands, Industry Trends, Manufacturers, News, Pivot Point, Products, Strategy Tagged With: Foxconn, LCD panels, LCD TV, Samsung, Sharp, Terry Gou

Sharp in Negotiations to Buy Back Building Sold Only Months Ago

August 31, 2016 by Ted Leave a Comment

New Owner’s Moves Continue to Confound the Japanese Media

Graphic of Sharp's LogoNews comes out of Japan that the new owners of Sharp are in the process of buying back a building the old management sold off when seeking to improve profitability by reducing overhead. Now, new management – made up of former Foxconn executives – are doing an about-face and looking to repurchase the building, in a move that has Japanese media scratching their heads.

See more on this new course reversal from Sharp’s new managers… [Read more…] about Sharp in Negotiations to Buy Back Building Sold Only Months Ago

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

Changing Its Mind, Sharp to Negotiate to Buy Back the N. American TV Biz

August 23, 2016 by Ted Leave a Comment

Photo of Sharp solar panelSharp Corp., a division of Taiwan’s Hon Hai Precision Industry Co. – better known as Foxconn – is rethinking its previously determined plans for business success. As the company was struggling with financial hardships prior to the closing of their acquisition by Foxconn, Sharp made several cost cutting moves, including selling the North American and Europe rights to the Sharp TV brand to certain OEM manufacturers. Now, as they ponder how to drive revenue growth, there are reports they are changing their minds on these and other deals.

See more on this major planning flip-flop by Sharp… [Read more…] about Changing Its Mind, Sharp to Negotiate to Buy Back the N. American TV Biz

Filed Under: Asian Connection, Brands, Industry Trends, Management, Marketing, News, Pivot Point, Strategy Tagged With: Foxconn, Hisense, Hon Hai Precision Industry Co., Sharp, UMC of Slovakia

LCD Kingpin Sharp, Under New Management, Pursues OLED

June 22, 2016 by Ted Leave a Comment

Sharp to Cut Another 7,000 Employees

Foxconn logo

Big changes are coming to Sharp, Corp. in the wake of their acquisition by Hon Hai Precision Industry Co – better known as Foxconn. News out of Japan notes that the deal between Sharp and Foxconn officially closes at the end of this month. According to both parties, the acquisition is proceeding smoothly and is fully expected to close on time.

But Foxconn has big plans for big changes at Sharp… [Read more…] about LCD Kingpin Sharp, Under New Management, Pursues OLED

Filed Under: Asian Connection, Management, Manufacturers, News, Pivot Point, Strategy, Tech Trends Tagged With: acquisition, Foxconn, Hon Hai Precision Industry Co., Kozo Takahashi, Sharp, Terry Gou

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

June 2, 2016 by Ted Leave a Comment

Panasonic LogoIn 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 China will forever preclude it from earning a profit in the panel production business. Many in Japan suggest that this news represents the end of an era of Japanese dominance in the TV business.

But is Panasonic pulling out of the TV business?… [Read more…] about In Search of Profits, Panasonic Pulls Out of LCD Panel Production

Filed Under: Asian Connection, Industry Trends, Manufacturers, News, Pivot Point Tagged With: Foxconn, Hon Hai Precision Industry Co., Panasonic, Sharp

Oh-Oh! In Wake of Sharp Purchase, Foxconn’s Orders are Dropping

May 26, 2016 by Ted Leave a Comment

Terry Gou w/agreement

The ink was barely dry on their $3.5 billion dollar acquisition of troubled Japanese giant Sharp Corp., when Foxconn’s CEO Terry Gou was forced to admit that overall orders for goods produced by the Taiwanese OEM manufacturer are dropping. Gou was essentially pressed to make the admission by China’s Premier Li Keqiang on Tuesday.

What factors pushed Gou to say this? See more below… [Read more…] about Oh-Oh! In Wake of Sharp Purchase, Foxconn’s Orders are Dropping

Filed Under: Asian Connection, Brands, Manufacturers, News, Strategy Tagged With: Foxconn, Sharp, Terry Gou

Sharp Considering Cutting Another 1,000 Jobs

April 27, 2016 by Ted Leave a Comment

Company Says Idea is Their Own, Not A Foxconn Requirement

Graphic of Sharp's LogoSharp 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) is said to be strongly considering cutting another 1,000 jobs at the company as a result of continuing poor performance. This would be the third round of significant employment cuts in the last four years.

See more on Sharp’s continuing problems… [Read more…] about Sharp Considering Cutting Another 1,000 Jobs

Filed Under: Asian Connection, Financial, Manufacturers, News, Pivot Point, Strategy Tagged With: Apple, Foxconn, Hon Hai Precision Industry Co., IGZO, LCD, LCD panels, LCD TV, Sharp, Terry Gou

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Ted Green Bio

A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

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