A foreign company is taking over one of the country's leading electronics makers after Sharp Corp. and Taiwan's Hon Hai Precision Industry Co. sealed an agreement Saturday following a monthlong delay in signing the deal.
Speaking to reporters gathered in Osaka, Hon Hai Chairman Terry Gou expressed confidence the partnership will work.
"We have been working so hard to make this day possible," said Gou, who founded the world's largest contract manufacturer of electronics products, including for Apple iPhones.