Tagged With "Taiwan"

I mentioned this three weeks ago when I saw the draw back from Foxconn. Sharp has no other alternative move but to accept whatever offer comes it's way. Huge loans are due April 1st to the Japanese banks. Wonder if Gou will stay with the same monetary commitment and get all of Sharp or lower the amount and stay with the same percentage from the original deal. If the offer is less, than Sharp will have to re work it's comeback plan, and I'm sure that comeback plan will affect many of the...

Samsung back in the hunt for sharp

Article from last night stated that since Foxconn, is offering 900 million less because of debt and year end financials that Samsung is ready to make a last minute offer for Sharp. This is crazy!

The Intent of Sharp’s Offensive and Defensive Strategies Sharp and Toshiba, two large corporations that once epitomized Japan as a consumer electronics superpower, could hardly differ more in their performance and outlook. On June 5, Sharp announced offensive and defensive strategies of issuing up to ¥200 billion in new shares to improve its financial standing and of acquiring Toshiba’s PC business. Although it later scuttled the stock plan due to market instability arising from recent trade...

Taiwan's Foxconn is seeking guidance from Japan's Sharp Corp on its latest quarterly performance as part of its efforts to finalize a planned acquisition of the ailing electronics maker, a person familiar with the matter said. Investors are on edge about prospects for the deal - estimated to be worth nearly $6 billion - after a last-minute hitch last month over potential liabilities at Sharp. Concerns that the process is dragging out helped send the display maker's shares tumbling 12 percent...

Taiwan’s Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp from an initial plan of 489 billion yen ($4.4 billion), the Yomiuri newspaper reported on Sunday. The reason behind the move is that Foxconn appears to be concerned about financial risks of potential liabilities at Sharp and its business outlook, according to Yomiuri. The newspaper did not say how much Foxconn, formally known as Hon Hai Precision Industry, will lower the offer to. A Sharp spokesman...

Toshiba's board will meet on Wednesday to consider offers for its chip unit from Western Digital and Taiwan's Foxconn in addition to a bid from a consortium that was previously favorite, a source familiar with the matter said. Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse. But it has struggled to close a 2 trillion yen ($18 billion) deal with the group it previously chose as preferred bidder —a consortium including...

Sharp delays financials due to investigation Sharp, a division of Hon Hai Precision (aka Foxconn of Taiwan) announced it may delay announcing its earnings as it carries out an investigation into possible accounting irregularities had been due to announce earnings before 2/15/21

Taiwan firm to enter US with new MFPs? Avision of Taiwan, has facilities in China, Germany and Brazil and US Primarily a manufacturer of desktop scanners, shipping 25 million in its history, most of which are relabeled by a number of OEM partners Claims it has invested $100 million in R&D to develop its own b/w laser print engine technology Plans on launching its first color laser model in early 2024 Is looking to grow its business in the U.S. by either finding an OEM partner, or dealers...

Sharp’s parent to raise pay Foxconn, aka Hon Hai Precision of Taiwan and owner of Sharp, is preparing for hopeful surge in Apple iPhone sales later in 2023, as it is the main assembler of Apple products Announced it will pay $424 as a new hire bonus for workers at its Zhengzhou, China plant Must stay on job for 90 days On top of starting salary of $2.97 per hour Existing employees get $70.49 for a referral In 11/2022, workers at the plant staged violent protests over pay and working...

MFP/printer chip supplier hacked Taiwan Semiconductor Manufacturing Company reported that it was hit by ransomware gang LockBit ransomware gang is demanding $70 million Will not pay ransom

Tried to find who those clients are, only found this https://exploresemis.substack....203040-customers-who

Foxconn’s founder to run for president Foxconn, aka Hon Hai Precision of Taiwan, and owner of Sharp, announced that its billionaire founder, Terry Gou, will run for president of Taiwan “Give me 4 years and I promise that I will bring 50 years of peace to the Taiwan Strait and build the deepest foundation for mutual trust across the strait”, he stated, regarding future takeover by China Needs 290,000 signatures by 11/2/23 to qualify as an independent candidate

Sharp launches 4 new A4 laser devices Sharp, owned by Foxconn of Taiwan, announced it is shipping the MX-C358F color laser MFP offering: 35ppm top speed 4 tandem OPC drum design 300dpi fax board standard Maximum paper capacity of 2,101 sheets 4.3” color LCD touchscreen control panel 1200x1200dpi Document feeder scans both sides of original at same time Scan speed of 72opm or 104ipm Holds up to 100 originals Built-in print controller: 10/100/1000BaseT & USB ports PCL & PS print...