Sharp Corp. said Thursday it will decide whether to go along with the ¥600 billion rescue plan offered by Taiwan’s Hon Hai Precision Industry Co. or the ¥300 billion plan of the state-backed Innovation Network of Japan in a month, although it is “using more resources” to evaluate Foxconn’s proposal.
Earlier in the day, media reports said Sharp's board of directors had selected Hon Hai to rehabilitate the ailing Osaka-based electronics giant. Hon Hai, also known as the Foxconn Technology Group, assembles Apple Inc.'s iPhones and iPads.
"Today's board meeting was not about deciding which plan," Sharp President Kozo Takahashi said at a news conference in Tokyo, playing down the headlines. "We confirmed the current progress."