Foxconn wants to buy a large stake in Sharp, deal not finalized yet
Sharp announced that it will sell a two-thirds stake to Foxconn, in a deal worth $5.8 billion - but since then new material information has emerged and the deal has been put on hold. According to reports, Sharp disclosed new liabilities of around $2.7 billion. Foxconn and Sharp are still negotiating.
Foxconn aims to buy Sharp to boost its product offerings to Apple - and will make Foxconn Apple's main contract manufacturer and component supplier. Sharp is a leader in IGZO-based LCD production, and is also developing OLED technologies, although the display maker has no immediate plans to start producing AMOLED panels.