In March of this year, Sharp and Foxconn signed a partnership for the development of technologies for touch screens, and now they are taking the first step in this regard. Foxconn will build a new factory in China, and in it it will also produce touch screens for iPhones based on technologies provided by Sharp. In March Hon Hai, the company that owns Foxconn, bought almost half of a Sharp factory in Japan plus another 11% of the entire company in a transaction that probably exceeded the amount of 1 billion dollars.
Japan's Sharp Corp will supply technological know-how to Taiwan's Hon Hai Precision Industry Co for a plant in China that will produce panels for Apple Inc's iPhone and other consumer electronics products, the Nikkei business daily said on Thursday. […]
The Nikkei said that the new technology handover, for which Sharp will receive tens of billions of yen in fees, is aimed at improving quality management at Hon Hai's planned plant in Chengdu.
For now, it is not known with certainty which technologies to provide Sharp to those from Foxconn, but we are talking about a partnership that will bring tens of billions of yen into the company's accounts. The construction of a new factory that will also produce touch panels for iPhones makes us understand that Apple will produce more and more such devices, so we can expect record sales in the future.
