Sharp Accepts Lowered Takeover Bid from Foxconn
Foxconn has agreed to acquire a 66% stake in Sharp for $3.5 billion, said the companies today. The sale price is considerably less than the $5 billion Foxconn offered earlier in the month. Foxconn is a Chinese company known mostly for building Apple products. Sharp, based in Japan, chiefly makes displays. It has suffered from financial problems for years. Foxconn believes adding Sharp's display technology to its own product mix will help it earn more manufacturing business from companies like Apple.
Mar 27, 2018
Foxconn says it has agreed to acquire Belkin International for $866 million in cash. Foxconn, a unit of Hon Hai Precision, is most widely known for manufacturing iPhones for Apple.
Jul 26, 2017
Foxconn today said it will build a manufacturing facility in Wisconsin, where it will make LCD panels and employ up to 3,000 people. The company previously announced it might invest up to $10 billion in the U.S.
Dec 14, 2018
Apple plans to issue a software patch to its iPhones to appease Qualcomm and Chinese authorities. Earlier this week, a Chinese court found Apple to be in violation of two Qualcomm patents pertaining to resizing pictures and managing apps with a touch screen.
Mar 12, 2018
President Trump today issued an order that prevents Broadcom from purchasing Qualcomm. Trump cited national security as his reason behind the order.
Jun 7, 2018
Several members of Congress are posing questions about the relationship between Google, Huawei, and other Chinese companies. Senator Mark Warner, a democrat who serves on the Senate Select Committie on Intelligence, has sent Google a letter with a request for information about its relationship with Huawei.