Foxconn Chairman Terry Gou on Tie-up With Japan's Sharp
Aug. 28 (Bloomberg) -- Terry Gou, chairman of Foxconn Technology Group, whose flagship Hon Hai Precision Industry Co. makes Apple Inc. iPads, talked yesterday in Tokyo about its tie-up with Sharp Corp.
Sharp, facing back-to-back annual losses, is seeking to raise money by selling a stake even as its shares have plunged 69 percent this year. Gou and Foxconn announced plans March 27 to invest 133 billion yen ($1.7 billion) in the Japanese TV maker and its display venture before a decline in Sharp’s market value prompted Foxconn to say it would renegotiate. (Excerpts. Gou's remarks are translated. Source: Bloomberg)