HP sells printer/MFP plant to Sharp’s parent

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HP sells printer/MFP plant to Sharp’s parent

Business Korea magazine reported that HP Inc has sold a laser printer/MFP
manufacturing plant in Weihai, China

The buyers is Foxconn, aka Hon Hai Precision of Taiwan, which is the owner of Sharp
In 2017, HP bought the printer/MFP plant from Samsung for $1.05 billion
The Shandong plant will continue to supply HP with LaserJet branded product
(unknown if plant will also be used to make Sharp-branded product, or how this will impact HP’s other supplier, Canon)

5/18/219:59 PM

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HP sells printer/MFP plant to Sharp’s parent

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