Foxconn Gou says it plans to provide financial support to sharp

Beijing time March 23, Foxconn chairman Terry Gou said in a media interview that the company plans to invest in sharp, as early as this week to submit a price.

Rich Foxconn plans to invest in sharp early this month to offer a quote

Mr. Gou said the Foxconn plan provides financial support to sharp, "any investment must be based on reciprocity, and it is also based on whether Foxconn has the right to participate in sharp business management in order to achieve sustained growth and return on investment goals." ”

A spokesman for Sharp responded that the company would consider receiving financial support from Foxconn on the assumption that Fuji Cannon to fulfill a promise made a few years ago to buy sharp shares at a price of 550 yen (about $4.58) per share.

In 2012, Foxconn had planned to buy a 10% stake in Sharp group at a price of 708 million dollars, but was eventually stranded in the latter's dismal earnings results. Then, Sharp accepted an investment from Qualcomm and Samsung Electronics. In the same year, Foxconn bought a nearly 50% stake in Sharp's panel factory and bought its LCD TV factory in Southeast Asia.

In recent years, Sharp has shifted its focus to providing small and medium-sized displays for smartphones and tablets. Sharp development of the IGZO panel production cost is low, the use of electricity is the traditional LCD panel half, high resolution, fine quality. In addition, Sharp's products in color control, contrast, LED screen thickness control, etc. also outstanding performance.