Home › News ›

Foxconn Makes a Play for Sharp

Article Comments

Jan 21, 2016, 8:31 AM by Eric M. Zeman
updated Jan 21, 2016, 1:00 PM

Foxconn has offered to buy Sharp for $5.3 billion, reports the Wall Street Journal. Foxconn's offer arrives just as Sharp is weighing a buyout offer from Innovation Network Corporation of Japan. Sharp, known for its LCD displays and IGZO technology, has required multiple bailouts over the last few years as weak financials plague its ability to compete. The main thrust of INCJ's potential investment is to keep the company based in Japan, where it would be merged with competitor Japan Display. Investors believe combining Sharp and Japan Display would lead to a stronger competitor to rivals Samsung and LG. The INCJ deal has the blessing of Japan Prime Minister Shinzo Abe, but at about $2.6 billion is only half that of Foxconn's offer. Analysts cited by the Wall Street Journal and Reuters believe the final decision will be a political, and not a business, one. Foxconn is based in Taiwan.

Related

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

Samsung S24 Series Adds More AI, Updates the Hardware

Jan 17, 2024
Samsung has unveiled its lineup of flagship phones for 2024, the Galaxy S24 series. The phones sport multiple upgrades in both hardware and software compared to last year's models.

Motorola Adds 5G to its 2022 Mid-Range Lineup

Apr 21, 2022
Motorola has announced two new mid-range phones with 5G. Both are essentially 5G upgrades of existing 4G models already announced for 2022.

Xplora Expands Lineup of Kids Smartwatches for US

Sep 28, 2022
Xplora has a new lineup of connected watches for kids ages 4–11, spanning prices from $150 to $249. Xplora watches include a camera — so kids can check in with parents visually — as well as a connected step counter with reward-point system to encourage physical activity.

Google Overhauls Android's Parental Controls

Oct 18, 2022
Google is revamping Family Link, the system-wide parental controls for a child's Android device. The biggest new feature is the ability to create temporary "Today Only" screen-time settings that override the usual daily settings.

more news about:

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1