• Foxconn and Sharp Reportedly in Talks to Partner Up for LCD Business

    Sharp, the Japanese supplier, is supposedly negotiating with Hon Hai Precision Industry, which is better known as Foxconn, on a deal that would see the former spin off its display panel business to create a new joint venture. According to Reuters, under the proposed plan, Hon Hai, along with several other potential parties, including Japan’s state-controlled Innovation Network Corporation, would make investments in the newly independent LCD company.

    Back in July, Sharp CEO, Kozo Takahashi, said that he was open to restructuring both the display and consumer product sides of the company in light of declining revenues. Discussion of similar partnerships have occurred several times over the past few years but have never pushed through due to Sharp arguing that they would be surrendering too much control. That being said, it should be noted that both corporations are currently operating a large-scale LCD plant in Osaka as a joint venture.

    For those of you who didn’t know, both companies are key Apple suppliers and just last week, a rumor was afloat stating that Sharp will be manufacturing displays for Apple’s 12.9-inch “iPad Pro,” while Foxconn will take on the tablet’s touch module fabrication, lamination, and module assembly. The production for the device is set to scale up over the coming months, resulting in 4 to 5 million units shipped by the end of 2015. Apple is rumored to be launching the product sometime this fall, possibly at an October press event. The device may distinguish itself from the iPad Air with not only a larger screen size but other features such as a pressure-sensitive stylus and an enhanced version of the operating system as well.

    We’ll have to wait to see how things turn out.

    Source: Reuters
    This article was originally published in forum thread: Foxconn and Sharp Reportedly in Talks to Partner Up for LCD Business started by Akshay Masand View original post
    Comments 1 Comment
    1. Carvensno's Avatar
      Carvensno -
      It would be nice to see the iPad Pro run OSX, but also able to run iOS app's
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