Aug 23, 2016

Sharp's new chief says reforms to include results-based pay

The new president of Sharp Corp., Tai Jeng-wu, on Monday revealed details of his plans for the struggling electronics maker, including pledging full-fledged structural reforms. Tai, also the No. 2 man of Taiwan’s Hon Hai Precision Industry Co., which acquired a majority stake in ...

Aug 12, 2016

Hon Hai profit drops a third straight quarter on phone slowdown

Hon Hai Precision Industry Co.’s profit fell for a third straight quarter, reflecting the impact of a global slowdown in demand for smartphones. Net income dropped 31 percent to New Taiwan dollars 17.7 billion ($565 million) in the three months ended June, according to ...

May 24, 2016

Sharp to keep solar panel business under Taiwan's Hon Hai

Sharp Corp. is set to retain its struggling solar panel business, judging that it can become profitable with the help of Taiwan’s Hon Hai Precision Industry Co., according to an in-house document. In the document posted Monday on its website for employees, Sharp President ...

May 12, 2016

Sharp's losses, liabilities underscore challenge for Hon Hai

Sharp Corp. posted a second straight annual loss and said its liabilities exceeded its assets, highlighting the turnaround challenge facing new owner Hon Hai Precision Industry Co., also known as Foxconn Technology Group. The net loss was ¥256 billion in the year ended March, ...

Sharp may tap Hon Hai vice chairman Tai as new chief

May 12, 2016

Sharp may tap Hon Hai vice chairman Tai as new chief

Electronics maker Sharp Corp., currently undergoing restructuring in a buy-out by Taiwan’s Hon Hai Precision Industry Co., is looking to appoint a close aide of Hon Hai’s chief as its new president, sources close to the matter said Thursday. Tai Jeng-wu is vice chairman ...

Sharp to move headquarters to Sakai plant operated with Hon Hai

May 4, 2016

Sharp to move headquarters to Sakai plant operated with Hon Hai

Sharp Corp. is considering moving its headquarters to a plant in Osaka Prefecture, jointly operated with Taiwan’s Hon Hai Precision Industry Co., which has agreed to take over the struggling electronics maker, sources close to the matter said Wednesday. The envisaged relocation within the ...

Foxconn agrees to buy Sharp for ¥389 billion

Mar 30, 2016

Foxconn agrees to buy Sharp for ¥389 billion

Hon Hai Precision Industry Co. agreed Wednesday to buy control of financially struggling Sharp Corp. for ¥389 billion ($3.5 billion) in the first takeover of a major Japanese electronics producer by a foreign company. The agreement by Hon Hai, also known as Foxconn, followed ...