OSAKA – Sharp Corp. is considering moving its headquarters to a plant in Osaka Prefecture, jointly operated with Taiwan’s Hon Hai Precision Industry Co., which has agreed to take over the struggling electronics maker, sources close to the matter said Wednesday.
The envisaged relocation within the prefecture from the city of Osaka to Sakai is designed to strengthen coordination with Hon Hai, an Apple Inc. supplier better known by its trade name Foxconn as Sharp aims to become profitable again.
Hon Hai signed an agreement in April to make Sharp the first major Japanese tech company to come under foreign ownership. The liquid crystal display manufacturing plant in Sakai has been operated by the two companies since 2012. read the rest here