www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Sharp faces tough recovery

(Agencies) Updated: 2016-04-05 10:12

Sharp faces tough recovery

Terry Gou (left), founder and chairman of Foxconn Technology Group, exchanges a smile with Sharp Corp Chief Executive Kozo Takahashi during their joint news conference in Sakai, Japan, April 2, 2016.[Photo/Agencies]

Firm will invest $1.8b on next-generation OLED screens

Over the weekend, Foxconn Technology Group's Terry Gou finally had his moment of victory.

On Saturday, Gou and Sharp Corp President Kozo Takahashi gathered and shook hands in front of more than 300 reporters at the Osaka-based company's Sakai plant, after they finalized a rescue plan for Foxconn and affiliates to take control of Sharp for 389 billion yen ($3.5 billion).

It was a rare moment of peace for the hard-charging Gou, who spent four years chasing the Japanese electronics maker and overcame long odds and last-minute pitfalls to win.

Foxconn's chairman won't have long to celebrate: The turnaround promises to be even harder than the takeover. With a sprawl of businesses making appliances, solar equipment and flat panels for mobile devices, Sharp is seeing its earnings deteriorate every quarter, yet as part of the rescue deal, Gou pledged to keep the company intact, respect its independence and try to preserve jobs. He will have a hard time keeping those agreements if he wants to reverse Sharp's fortunes and boost profits by getting more business from customers like Apple Inc.

"The wording of the agreement seems to foreclose deep restructuring opportunities, giving Foxconn a very limited scope of what it can do to turn the company around," said Alberto Moel, technology analyst at Sanford C Bernstein & Co. "The company's incentive structure needs to be revamped, allowing fresh blood to rise to the top. That would require letting some people go."

Sharp has lost more than $10 billion over the past four years. The Japanese company built shiny factories to produce large-size flat panels, only to see demand explode for smaller-screened smartphones and tablets.

As LCD prices fell and the Japanese currency rose to post-World War II highs, Sharp faced competition on all sides, especially from Samsung Electronics Co and other display makers. It had no choice but to turn to banks for help and look for a buyer.

Gou, 65, is betting Foxconn will help Sharp with its manufacturing expertise. The parent of Hon Hai Precision Industry Co has made its fortune with efficient factories that make everything from iPhones and PlayStations, to GoPros and Kindles.

He will also help Sharp invest in new technology. The Japanese company plans to use Foxconn's money to pour 200 billion yen into the production of next-generation screens based on OLED, or organic light-emitting diode technology, which has long promised more vivid images and less battery drain. Another 60 billion yen will be spent to improve yield and increase production of existing LCD operations.

That could help Sharp gain ground against the competition. The market for small and medium-sized screens is dominated by Samsung Display, which had 24 percent of the market in the first nine months of 2015, according to market researcher IHS. Japan Display Inc and LG Display Co Ltd are the next biggest suppliers, followed by Sharp, at 9 percent.

"I have no illusions about the challenges facing this strategic investment," Gou said at the signing ceremony.

A key question is whether the deal will open a path to winning more of Apple's business. Foxconn is a key assembler of iPhones, iPads and other Apple products. Sharp, which was once a major supplier of iPhone displays, was dropped after it struggled to supply the volumes the US company needed.

Apple is interested in using more OLED technology in its gadgets, and as Sharp shifts its focus away from big displays to smaller screens, it may have another shot at becoming a key supplier, bolstered by Foxconn's manufacturing empire.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产一区二区三区四区五区tv | 91久久综合 | 亚洲欧美中文在线观看4 | 日本高清福利视频在线观看 | 国产三级日本三级日产三 | 国产在线观看免费人成小说 | 亚洲第一区在线 | 久久精品2 | 狠狠色狠狠色狠狠五月ady | 国产成人午夜性视频影院 | 欧美日韩中文字幕在线视频 | 免费视频亚洲 | 精品成人免费一区二区在线播放 | 国内自拍第一页 | 成年人免费在线视频网站 | 免费看成人毛片 | 亚洲国产一区二区三区四区 | 最新国产一区二区精品久久 | 国产亚洲欧美成人久久片 | 精品久久网站 | 日本不卡一区在线 | 狠狠色狠狠色综合久久一 | 亚洲欧洲久久久精品 | 国产成在线观看免费视频成本人 | 日本九九视频 | 97se亚洲综合在线韩国专区福利 | 国产三级久久久精品三级 | 美国一级毛片视频 | 99久久99久久久99精品齐 | 中文欧美一级强 | 黄色网址网站在线观看 | 欧美高清视频在线 | 一色屋成人免费精品网站 | 国产成人啪精品视频免费网 | 久久久久久久久久久96av | 日本三级香港三级网站 | 美国一级片免费看 | 免费看毛片网 | 欧洲免费无线码一二区 | 真人毛片视频 | 日韩欧美三级在线观看 |