Bloomberg News

Foxconn’s Gou May List Venture With Sharp in 2014, ETTV Reports

August 06, 2012

Terry Gou expects to list shares of his display venture with Sharp Corp. in Taiwan in 2014, the chairman of Foxconn Technology Group said a TV interview broadcast yesterday.

Sakai Display Products Corp., also called Sakai International Operations, is personally invested by Gou with none of Foxconn’s money going into the venture, Gou told ETTV last night.

’’The company won’t just do panels anymore, it will do complete televisions, the whole system and in the future it will include high definition TVs and next generation TVs,’’ Gou said in the broadcast.

Capacity utilization at Sakai was previously around 40 Capacity utilization at Sakai was previously around 40 percent, climbing to around 60 percent to 70 percent currently and is expected to reach around 80 percent by the end of the year. Gou hopes it will reach 100 percent next year with discussions underway for possible expansion of the factory, he said. The group has around 100 factories globally, Gou also said.

To contact the reporter on this story: Tim Culpan in Taipei at tculpan1@bloomberg.net

To contact the editor responsible for this story: Michael Tighe at mtighe4@bloomberg.net


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