Foxconn Acquires Sharp For 3,500 million
Foxconn, a Taiwanese electronics firm widely known for the manufacture of the iPhone and other Apple devices, has signed an agreement to keep two thirds (66.66%) Sharp to change the direction of the company with new investments and new strategies.

Foxconn, a Taiwanese electronics firm widely known for the manufacture of the iPhone and other Apple devices, has signed an agreement to keep most of Sharp, globally popular for its televisions, monitors and production of high-tech screens Japanese corporation.

Sharp, who curiously has such name to be responsible for the invention of the mechanical pencil 100 years ago, is a company benchmark for televisions and other electronic devices, but its business in the last decade focused on liquid crystal displays, had suffered enough -like other Japanese-related by strong competition from South Korean firms; then, economic problems had not been expected.

Therefore, the successful Foxconn, has managed to finalize an agreement to keep two thirds (66.66%) Sharp to change the direction of the company with new investments and new strategies, for example , mass production of screens with IGZO technology much more efficient in energy consumption OLED.

Of course, they will also be manufactured in large quantities, especially when demand can be driven to be required in Apple computers themselves. Indeed, the Internet of Things and other "smart" products are included in the plans, yes, little detailed this Saturday when the agreement has confirmed the transaction by the CEO of both companies.

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