20 16, 12 On August 2nd, Hon Hai invested 388.8 billion yen (about US$ 3.8 billion) in Sharp to acquire its 66% equity, and Sharp became a subsidiary of Foxconn. At that time, Sharp was in a state of long-term loss. However, as the first company in the world with 10 generation LCD panel production line, Sharp has certain advantages in upstream panel technology, resources and brand.
After Sharp and Foxconn join hands, they can combine their technical advantages and market advantages to create younger, more fashionable, more Internet-based, more scientific and more suitable for the localization of the China market, and more efficiently implement the whole process of LCD TV from R&D, production to sales and customer service. From the manufacture and supply of LCD panels to a screw or even a packaging box, Foxconn can firmly control all technologies, which other competitors, especially some so-called Internet brand TVs, do not have.