Wednesday, March 30, 2016

Foxconn takes Sharp

There are a lot of other companies that could have been targeted to bring OLED (the usual suspect) to Foxconn. Only one possible buy-out target had the "next generation display" that had a huge display and tiny form factor -- that was Sharp with PicoP.

Wall Street Journal -- much more at the source.

The deal is a victory for Foxconn, which has been looking to expand in the market for next-generation displays with its pursuit of Sharp, a supplier of smartphone screens to Apple Inc. Foxconn believes acquiring Sharp will allow it to move up the technology value chain by making smartphone screens, which are the most expensive components in mobile devices.

“We have much that we want to achieve and I am confident that we will unlock Sharp’s true potential and together reach great heights,” Foxconn Chairman Terry Gou said in a statement Wednesday.

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