Foxconn Set To Acquire Sharp Corporation For $5.6 Billion (appleinsider.com)

Foxconn, a Taiwanese electronics contract manufacturing/assembly company, is reported to be finalizing a deal to acquire Sharp Corporation for $5.6 billion, with the beleaguered company having finally rejected a proposed government rescue package in favor of the deal. Foxconn, formerly known as Hon Hai Precision Industry Co. Ltd, was brought to media attention in 2010, when the company installed suicide nets to stop the high number of employee suicides at company dorms. Although it seems out of the ordinary that one of the world's few producers of LCD panels is negotiating with Foxconn, the deal is expected to go through, making it one of the biggest foreign takeovers of a Japanese company.

Comments

Sharp used to make cool techie stuff

[Anonymous Coward]

Like this thing..

Of course, that was back in the days before mindless consumerism, when "tech" meant something beyond "Facebook portal and devices for people who wouldn't know a transistor from a capacitor".

Re:last chance to buy quality Sharp products

[retroworks]

Foxconn's Terry Gou is every bit a genius as Wozniak, and Taiwan should be proud of him. Gou's Foxconn techs are at least half (if not more) of the Apple IPhone tech advance (the Taiwan Foxcon techs were already manufacturing and designing IPods, and were wicked good at touch display, before iPhone was manufactured by them... there is a quarrel whether Apple bought key Taipai techs and moved them to Vancouver). If you are 582462 on Slashdot you should be way too old to generate racist anti-Taiwan rants. Taiwan geeks are quite honorable, and I have no doubt they can make Sharp proud.