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Sony sells LCD TV fab to Foxconn
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Posted on Wednesday, September 02 2009 @ 00:42:35 CEST by Thomas De Maesschalck |
DigiTimes reports Sony will form a strategic alliance with Foxconn Electronics for the production of LCD TVs for the Americas region. Under the deal, Foxconn will acquire 90 percent of Sony's shares in Sony Baja California and certain manufacturing assets related to Sony Baja California's Tijuana site in Mexico.
Following the sale, the Japan vendor will retain a 10% share of Sony Baja California. The Tijuana site will remain a key manufacturing facility of Sony LCD TVs for the Americas region. Foxconn will assume employment of employees at the Tijuana site, Sony said.
Within its LCD TV business, Sony said it is concentrating internal resources towards areas that contribute to product differentiation, such as R&D, engineering and design.
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