Japan in for more foreign direct investment
Entry of Taiwan group into bidding for control of Sharp points to major changes in Japan's electronics sector
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Tokyo
NEGOTIATIONS seen as critical to the future of Japan's Sharp Corporation and of the country's ailing electronics industry paused with the outcome still uncertain last Friday. But the entry of Taiwan's Hon Hai Precision Industries into the bidding for control of Sharp points to major changes in the key sector, analysts say.
Terry Gou, chairman of Hon Hai (also known as the Foxconn Technology Group), claimed after flying to Japan for eight hours of talks with Sharp's top management that "we are 90 per cent there", in gaining control of the Osaka-based electronics giant, and that he hoped to see the deal completed by the end of this month.
Share with us your feedback on BT's products and services
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
