Apple manufacturer Foxconn posts drop in profit with blame unclear

Foxconn continues to post disappointing earnings reports in 2016, with analysts pointing to the decrease in iPhone orders as the prime culprit — but the actual reason isn't clear, according to the company.

Mike Wuerthele 9 years ago 17

Apple partner Foxconn's $3.8B Sharp buyout approved by China

After months of speculation and delays, the Chinese anti-monopoly agency has approved the $3.8 billion merger between Apple manufacturing partner Foxconn and display technology company Sharp.

Mike Wuerthele 9 years ago 5

Samsung, Sharp plan to ramp up OLED production ahead of Apple's rumored all-glass 2017 iPhone

With rumors continuing to suggest Apple plans to introduce an all-new iPhone design with an OLED display next year, it's likely not a coincidence that display suppliers Samsung and Sharp are both indicating they plan to expand OLED shipments before the end of 2017.

Neil Hughes 9 years ago 6

Apple partner Foxconn finally seals the deal with Sharp for $3.5B

Two key Apple suppliers will officially join forces, as Foxconn has entered into a deal to purchase display maker Sharp for $3.5 billion, bringing to an end months of speculation and negotiations.

AppleInsider Staff 10 years ago 2

Foxconn asks banks for compromises to make Sharp takeover deal work

Apple's biggest manufacturing partner, Foxconn, is angling for compromises from two key lenders before it goes ahead with its planned takeover of Sharp, a report said on Tuesday.

Roger Fingas 10 years ago 4

Sharp liabilities holding up Foxconn takeover simply 'worst-case' risks

The liabilities that led Foxconn — Apple's main manufacturing partner — to delay its planned takeover of Sharp actually consisted of a study of worst-case risks, a report said on Monday.

Roger Fingas 10 years ago 2

Foxconn & Sharp to delay takeover talk deadline by 1-2 weeks, report says

Sharp and Apple's main manufacturing partner, Foxconn, have reportedly agreed to extend the deadline for takeover talks by another one to two weeks, following the latter's discovery of undisclosed Sharp liabilities.

Roger Fingas 10 years ago 4

Foxconn's Sharp takeover postponed because of undisclosed liabilities, report says

Despite indications that Apple supplier Foxconn had completed a deal to take over Sharp, the company is now reportedly putting the acquisition on hold after discovering undisclosed liabilities.

Roger Fingas 10 years ago 1

Sharp reportedly accepts $6.25B takeover bid from Foxconn

Following months of rumors and speculation, primary Apple supplier Foxconn has reportedly purchased embattled Japanese tech giant Sharp for $6.25 billion, beating out an offer from Innovation Network Corporation of Japan.

Mikey Campbell 10 years ago 8

Sharp takeover deal should be finalized by end of February, Foxconn CEO says

The Foxconn bid to take over Sharp is now only awaiting finalized details between the two parties, Foxconn's CEO Terry Gou told reporters on Friday, indicating that Innovation Network Corp. has indeed been cut out of the loop.

Roger Fingas 10 years ago 9

Sharp leaning towards Foxconn takeover, but with no exclusive negotiations, CEO says

Sharp is indeed leaning towards a takeover by Apple's main manufactuing partner, Foxconn, but no exclusive negotiating rights have been offered, the company's CEO announced at a Thursday press conference.

Roger Fingas 10 years ago 7

Sharp, Foxconn to enter talks over $5.5B takeover bid, report says

Sharp reportedly plans to enter talks with Foxconn over a takeover bid that could be worth some $5.5 billion, suggesting an end is near for Foxconn's bidding war with Innovation Network Corporation of Japan.

Mikey Campbell 10 years ago 3

Innovation still undecided on Sharp rescue plans as Foxconn raises bid, tries to allay job fears

In the bidding war for Sharp, Innovation Network Corp. has yet to decide on a possible rescue plan, even as rival Foxconn is raising its bid and promising not to cut Japanese jobs, a report said on Friday.

Roger Fingas 10 years ago 13

Sharp leaning towards Japan's Innovation over Foxconn in takeover bids - report

Weighing takeover bids from both Taiwan's Foxconn and Innovation Network Corp. — a fund backed by the Japanese government — Sharp management is currently leaning in the second direction, a report said on Thursday.

Roger Fingas 10 years ago 7

Apple a lurking factor in bidding war over Sharp, report suggests

The two entities bidding for control of Sharp — Hon Hai and Innovation Network Corp. — are both ultimately doing so with Apple as a major factor, a report said on Friday.

Roger Fingas 10 years ago 11

Load More