Working manufacturing components for the iPhone is a very profitable business. For that reason, some companies fight to be the choice of the Cupertino company, as is the case with TSMC and Samsung in processors. Foxconn He is the one who is in charge of assembling all the pieces to assemble the iPhone, but from now on he will also be in charge of the apple smartphone screens.
Foxconn has already been confirmed to have bought Sharp for 389.000 billion yen (approximately 3.054 million Euros). It had been talking about this acquisition for more than a month, but the negotiations were stopped due to something that is unknown. The two companies reportedly reopened talks that came to fruition despite Foxconn trying (and succeeding) to negotiate a lower price to acquire the Japanese company. With this deal, the main iPhone maker will get 66% of Sharp's shares and a purchase possibility that will allow it to increase to 72% from July 2017.
Foxconn will also make screens for iPhone
Sharp is a very important company in Japan that fails to be relevant outside its country. It manufactures many products, such as calculators, televisions and refrigerators, something that will be expanded thanks to the new acquisition, especially in a section of screens that will improve its OLED technology manufacturing. As in many other acquisitions, part of Foxconn's interest in Sharp is its patent portfolio, many of which are related to display technologies.
An agreement has been reached, but one step is still missing: stamping the signature. The transference It will be signed on Saturday, April 2 and then a press conference will be held in Osaka in which the two CEOs of Sharp, Kozo Takahashi and Terry Gou will be present.