Apr 21, 2016

Sharp, Hon Hai to develop TVs jointly

As Sharp Corp. prepares to be taken over by Taiwan’s Hon Hai Precision Industry Co., it is planning to develop household appliances jointly with its new partner and aims to have televisions ready for sale by the end of the year, an executive at ...

Apr 12, 2016

Sharp to nearly double intake of recruits following takeover

Sharp Corp. said Monday it will nearly double the number of new recruits for fiscal 2017 as it begins to rebuild under Taiwan’s Hon Hai Precision Industry Co. The struggling electronics maker plans to hire 290 graduates — 200 university graduates and 90 high ...

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 ...

Mar 28, 2016

Tokyo Mitsubishi UFJ to set new credit line for Sharp: sources

The Bank of Tokyo-Mitsubishi UFJ (BTMU) decided Monday to set a new credit line for Sharp Corp., sources familiar with the matter said, as the struggling electronics maker seeks to sign a takeover deal with Taiwan’s Hon Hai Precision Industry Co. Sharp’s other major ...