Saturday, March 26, 2016

Sharp and Foxconn to Sign Deal Next Week

So, multiple sources who know what's going on, I'll believe this report.

I find the language interesting: "adopting next generation displays."  I've read enough of these reports to know that it's assumed by many that the "next generation display" is assumed to be OLED, not confirmed to be. OLED is also a place where there is significant competition and many other take-over targets.

The degree to which Foxconn produces top quality products for a number of major OEMS, including Samsung, Sony, Apple, Hewlett Packard, Amazon, Google, Huawei and Xaiomi -- means that this deal could be an enormous leap forward for MicroVision.

OLED Producers


Sharp Corp (6753.T) and Taiwan's Foxconn are set to sign a takeover deal next week after repeated delays, with the two sides set to agree on a smaller bailout than originally planned for the troubled Japanese electronics maker, two sources familiar with the talks said on Saturday.

The two companies will hold board meetings on Wednesday to approve the deal and officially sign a deal the following day, said the two sources with direct knowledge of the talks.

The deal would be the largest acquisition by a foreign company in Japan's insular technology sector. In choosing to negotiate with Foxconn, Sharp turned down a rival offer by a state-backed fund.

It would also boost Foxconn's position as Apple's main contract manufacturer and provide Sharp with funds to start mass-producing organic light-emitting diode (OLED) screens by 2018, around the time Apple is expected to adopt the next-generation displays for its iPhones.

Apple Insider

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