Report: Hon Hai Negotiations with Sharp Still Ongoing; Final Answer After March 26
- Staff
- February 23, 2013
Hon Hai Negotiations with Sharp Still Ongoing; Final Answer After March 26
MyDrivers, a Chinese website, is reporting that negotiations between Hon Hai and Sharp are still ongoing despites several set backs.
It was reported by a Japanese Media, “Daily News” (Mainichi, that Sharp may have terminated negatiotes with Hon Hai after not being able to come to an agreement, the report states.
[quote] Negotiations between Sharp and Hon Hai, the Japanese domestic media has already made a pessimistic attitude, including Japan, “Daily News” (Mainichi) previously reported that Sharp may terminate with Foxconn’s stake in the negotiations.. Another Japanese media Sankei Shimbun reported, Sharp is also considering other solutions, such as issuing more stock to raise about 200 billion yen, but reported the same unpublished sources.[/quote]
The two companies are expected to reach a final decision at the after March 26. “A Sharp spokeswoman Miyuki Nakayama said is still in contact with Hon Hai, the company is not yet the final decision whether or not to end with the negotiations or the issuance of stock,” according to the report.
Looks like Foxconn is still hoping to be major player in production of the Apple’s iTV
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