Wednesday, May 25, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AMD Introduces the FirePro S7100X Hardware-Virtualized GPU for Blade Servers
Europe Proposes New E-commerce Rules
HP Enterprise to Merge IT Services Unit With Computer Sciences
Samsung Introduces Galaxy Tab Iris Equipped with Iris Recognition Technology
Microsoft Streamlines its Smartphone Business, Axes Hundrends Of Jobs
Huawei Sues Samsung Over Mobile Patents
Toyota Is Investing In Uber
Google Enhances Ads For Mobile Devices
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Sharp S...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, March 26, 2013
Sharp Says No Payment Has Been Received Form Hon Hai


Sharp is not expecting an immediate investment from Taiwan's Hon Hai Precision Industry Co. and will consider other methods of fundraising while continuing talks with the company.

The deadline for Hon Hai Precision Industry Co to buy a stake in Sharp lapsed Tuesday without any deal, ending an agreement forged last year that would have made the Taiwanese firm the No.1 shareholder in the Japanese TV maker.

Sharp said the investment was not received mainly due to an inability to gain regulatory approval.

Sharp has been fighting to keep afloat amid weak demand and competition from its overseas rivals. In March last year, Hon Hai, commonly known as Foxconn, pledged Y66.9 billion to Sharp in exchange for a 10% stake in the Japanese maker of liquid crystal displays.

But the deal stalled following a drop in Sharp's share price, prompting Sharp to look elsewhere. Samsung Electronics and Qualcomm Inc. have agreed to invest about Y10 billion each for stakes of about 3% in the company.

Sharp remains tied to Hon Hai through their joint ownership of the advanced LCD plant in Sakai, western Japan. The companies are also cooperating in smartphones in the Chinese market.


Previous
Next
LG Brings Spotify Music Service To Smart Media Devices        All News        Corsair Neutron GTX Series Now Available With 19nm Toggle-NAND Flash
Intel Close To Media Company Deals for Pay-TV Service     General Computing News      Microsoft Updates Mail, Calendar And People Apps

Get RSS feed Easy Print E-Mail this Message

Related News
Foxconn's Wu Becomes Sharp's New President
Hon Hai To Jointly Develop TVs With Sharp
Sharp's RoBoHoN Phone Goes On Sale
Sharp Showcases Flexible OLED Panel
Hon Hai, Sharp Sign Takeover Deal
Hon Hai Group To But Majority Stake Of Sharp For 388.8 Billion Yen
A Sharp - Foxconn Deal Is Near
Foxconn To Lower Offer For Sharp: report
Sharp, LG Display And Japan Display Could Supply OLEDs For Future iPhones
Talks Between Sharp And Foxconn Continue
Sharp Accepts Foxconn's Takeover Offer, Announces Reconstruction Plan
Samsung Interested In Sharp's Sakai Plant

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .