On August 12, according to Reuters, Apple's intimate partner Foxconn finally waited for approval from China's regulators. Foxconn, the parent company of Foxconn, announced that China's antitrust agency has approved its $3.8 billion acquisition of Sharp in Japan. Company transactions. Slag Free Soybean Milk Machine Stainless Steel Soy Milk Machine,Slag Free Soybean Milk Machine,Smart Soy Milk Machine,Soy Milk Nutrients Machine JOYOUNG COMPANY LIMITED , https://www.globaljoyoung.com
Foxconn said in a statement that all regulatory approvals required for the transaction have been completed, and Foxconn and Sharp will "take immediate action to complete the transaction as soon as possible according to the agreement."
After the transaction is completed, Foxconn will receive Sharp's LCD panel technology. Sharp is known as the "father of LCD", as a few manufacturers that can produce LCD panels and LCD TVs, Sharp has always been a self-developed "Japan original LCD panel".
At the same time, since Sharp has been providing LCD panels for Apple devices, Foxconn will also strengthen its relationship with its main customer, Apple, through this relationship. Foxconn has already won orders for Sharp's new iPhone through its own resources, and the acquisition is intended to become the main supplier of iPhone screens. Foxconn announced plans to acquire Sharp's 2/3 shares for 388.8 billion yen ($3.84 billion).
As China's anti-monopoly department extended the approval time, Foxconn did not complete the acquisition of Sharp in June this year, plus the financial problem of Sharp's net loss of 27.5 billion yen. All of them caused some investors to worry that the transaction may fail, prompting Sharp's stock price to briefly fall below the purchase price of 88 yen per share.
The purchase price is lower than expected by 2.45 billion US dollars
Foxconn President Guo Taiming said in June that Foxconn has completed the legal process related to the Sharp acquisition transaction, and the new management will start managing the company from next month. He said Foxconn plans to close some of Sharp's redundant, inefficient overseas business units, including some sales joint ventures. “Sharp has too many subsidiaries, and the result is too much daily management costs. 
At the time of the initial acquisition in June, there were predictions that the purchase price would be around $6.25 billion, and the current acquisition of $3.8 billion was $2.45 billion less than expected. This may be due to the financial problems that Sharp could not solve, which led to a sharp discount on the purchase price. . After Foxconn's acquisition of Sharp, it will cost more money and energy to "save" Sharp's big hole.
Guo Taiming promised, "In order to make Sharp profitable, the company will focus on investing in next-generation technology and streamlining its business." At the same time, Sharp will remain as a complete company, and Foxconn will not cut Sharp's employees and assume all of Sharp's debt. According to this analysis, Sharp wants to rely on Foxconn to turn a profit, Foxconn will carry out more financial and strategic adjustments.
Guo Taiming also said that once the acquisition of Sharp is completed, Foxconn will be able to produce OLED screens in 2017. AppleWatch mainly uses OLED display, and MacBook Pro may also use OLED touch-sensitive screen, and this touch-sensitive screen will replace the conventional function keys.
Sharp has been providing LCD panels for Apple devices, but because Sharp’s financial problems are very serious, and Foxconn’s acquisition of Sharp is slow, making Sharp’s screen orders for OLED iPhones full of unknowns, and even speculation that this will affect the release of iPhone8. .
After Foxconn acquired Sharp, it can break Samsung's leading position in this field. After all, Sharp has become a rival to Samsung, LG, and Japan Display on the road to becoming an OLED iPhone supplier. Foxconn will also be the role of an OEM screen supplier in addition to the role of the foundry, providing AMOLED display for the iPhone.
Guo Taiming layout "Foxconn + Sharp"
In the second quarter of the financial report as of June 30, Foxconn's revenue was NT$922 billion, down 5.2% from NT$972.7 billion in the same period last year. Foxconn's second-quarter results did not meet market expectations.