Foxconn Becomes Primary Owner of Sharp Osaka Plant

It looks like Sharp really is doing badly nowadays, having decided to sell so much of its LCD production in Sakai, Osaka, that Foxconn will be the one with the greatest stake in it. 

It was last month that Sharp sold a stake of 46.5 percent to Foxconn. 

That left it with the same share, while 7 percent went to Sony. 

Now, though, Sharp has decided to sell another 7% to Dai Nippon Printing Co. and Toppan Printing Co. 

In other words, Sharp's LCD plant will no longer be Sharp's LCD plant, as Foxconn will have the greatest share, unless Sony decides to sell its own back, balancing things again. 

All in all, the partnership that Foxconn and Sharp have entered, presumably to help usher in the Apple TV, has become quite unbalanced, all because the latter expects financial losses, unlike the former.

Posted in: Hardware, News