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May 03, 2024
 

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FOXCONN

Japan Times
BUSINESS / Companies
Jun 23, 2016
Sharp shareholders approve Hon Hai takeover
The approval marks the first major Japanese electronics manufacturer to come under foreign ownership.
BUSINESS / Companies
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.
BUSINESS / Companies
May 13, 2016
Sharp's 'subpar' performance prompts Hon Hai to warn of job cuts but vow to reward dedicated ranks
Terry Gou warns his newly acquired employees of job cuts while promising to reward those who commit to rebuilding.
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies / FOCUS
Apr 6, 2016
Takeover of Sharp advances Hon Hai's clean-energy ambitions
Hon Hai Precision Industry Co.'s rescue of Sharp Corp. promises to bolster the Taiwanese electronics maker's ambitions for a bigger role in clean energy in some of the world's most polluting countries while also providing a firmer footing in Japan.
Japan Times
BUSINESS / Companies / ANALYSIS
Apr 4, 2016
For Hon Hai, turning around Sharp will be tougher than takeover
Terry Gou has pledged to keep Sharp intact, respect its independence and try to preserve jobs. He will have a hard time keeping those agreements.
BUSINESS / Companies
Mar 29, 2016
Sharp to report net loss of ¥200 billion for fiscal 2015: sources
Sharp Corp. is expected to report a net loss of around ¥200 billion for the fiscal year ending Thursday amid a slump in its mainstay liquid crystal display business, sources close to the matter said Tuesday.
Japan Times
BUSINESS / Companies
Mar 24, 2016
Hon Hai lag raises Sharp liquidation risk, analyst says
Sharp Corp. is facing an increasing risk of liquidation if a rescue deal with Hon Hai Precision Industry Co. is delayed further, according to a top-rated analyst tracking the electronics maker.
BUSINESS / Companies
Mar 22, 2016
Hon Hai might cut Sharp bid by ¥200 billion over contingent liabilities
Taiwan's Hon Hai Precision Industry Co. is considering cutting its takeover bid for ailing Sharp Corp. by ¥100 billion ($895 million) to ¥200 billion, sources familiar with the matter said Tuesday.
BUSINESS / Companies
Mar 21, 2016
Hon Hai-Sharp deal's nearly monthlong delay raises risk of rupture
Clock ticking as Taiwanese firm pours over information on deal for troubled Japanese company.
BUSINESS
Mar 16, 2016
Foxconn expected to delay finalizing Sharp deal in order to scrutinize performance
Foxconn Technology Group is delaying finalization of its deal for Sharp Corp. to get a clear understanding of the Japanese company's performance in the current quarter, increasing the chances an agreement won't be reached this month, according to sources.
Japan Times
JAPAN / Media / MEDIA MIX
Mar 5, 2016
National pride obscures harsh truth about Sharp deal
An object of pride for Japanese consumers during the 2000s was the so-called Kameyama flat-screen television set manufactured by Sharp. Named after the factory in Mie Prefecture where it was assembled, the LCD-TV came with a sticker attesting to its provenance, and many people who bought the model never removed it. The brand was so iconic as a symbol of Japanese high-tech superiority that it was referred to it as "sekai no Kameyama," or "the world-famous Kameyama."
Japan Times
BUSINESS / Companies
Feb 29, 2016
Sharp eyes quick close to Hon Hai takeover deal
Sharp Corp. said Monday it hopes to finalize a takeover deal with Taiwan's Hon Hai Precision Industry Co. "as soon as practically possible" without setting a deadline for inking the bailout package.
Japan Times
BUSINESS / Companies
Feb 26, 2016
Sharp meets Hon Hai after last-minute delay in bailout deal
Sharp Corp. sent officials for talks with Hon Hai Precision Industry Co. on Friday, sources said, a day after the Taiwanese firm said it would delay signing a deal to acquire Sharp.
Japan Times
BUSINESS / Companies
Feb 19, 2016
Japan's state-fund chief confident of turnaround offer for struggling Sharp
The head of Japan's state-backed corporate turnaround fund said Friday its proposal to help Sharp Corp. compares favorably with a rival offer from a Taiwanese company.
BUSINESS / Companies
Feb 18, 2016
Sharp considering excluding Foxconn backers from vote
Sharp Corp.'s lawyers are recommending that two board members be excluded from a final vote on competing bailout plans, possibly tipping the balance in favor of a proposal from Innovation Network Corp. of Japan, people with knowledge of the matter said.
Japan Times
BUSINESS / Companies
Feb 11, 2016
INCJ sticks by rescue plan for Sharp as Foxconn talks continue
Japan's Innovation Network Corp. is confident Sharp Corp. will see its rescue plan as superior to a competing bid even as the struggling electronics maker enters talks with Taiwan's Foxconn Technology Group.
Japan Times
BUSINESS / Companies
Feb 9, 2016
INCJ said to argue its ¥1 trillion bid for Sharp tops Foxconn's
Innovation Network Corp. of Japan is making the case to Sharp Corp. that its rescue proposal for the electronics maker is worth more than an offer from Taiwan's Hon Hai Precision Industry Co., a sign the government fund is determined to keep fighting for victory in the takeover battle.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
Saudi Arabia steps up Gaza-related arrests as Israel ties edge closer
The arrests for Gaza-related posts indicate Crown Prince Mohammed bin Salman’s regime will take a hard line against citizens not toeing the line when it comes to normalizing ties with Israel.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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