Both parties are reportedly still negotiating a deal that would give Hon Hai/Foxconn at least a 9.9 percent stake in Sharp. Lin comments that the outcome of talks is contingent on how much input Sharp would be willing to take on increasing profits. He hints moreover that if a deal is reached, it could lower Sharp's component prices. During the past year Hon Hai has been taking advantage of falling Sharp stocks; in March Foxconn was announced as buying a 10 percent stake in Sharp's LCD business.
Foxconn and Sharp consider investing $1 billion in displays for Apple
Posted on Friday, August 31 2012 @ 20:48 CEST by Thomas De Maesschalck