By Lorraine Luk
Foxconn said Saturday it was still exploring investment and
partnership opportunities, which could include technology
licensing, with struggling Japanese electronics maker Sharp
Corp.
The comments came after Tokyo-based Weekly Toyo Keizai reported
Friday, citing Foxconn Chairman Terry Gou, that the world's largest
contract electronics maker plans to offer financial support to
Sharp.
"Any such investment would have to be based on mutually
beneficial outcomes, in particular, whether Foxconn will have the
right to participate in business management to realize the shared
goal of achieving sustainable business growth and returns on
investment," Taiwan-based Foxconn said in a statement to The Wall
Street Journal on Saturday.
Mr. Gou has continued to woo the Japanese press as he tries to
reach an investment deal with Sharp, a pioneer in liquid crystal
display technology used in smartphones and televisions.
A representative for Sharp couldn't be immediately reached for
comment.I
In March 2012, Foxconn, which assembles most iPhones and iPads
for Apple Inc., agreed to buy a 10% stake in the cash-strapped
Japanese company for 66.9 billion yen ($708 million), but the deal
unraveled in 2013 after dismal earnings reports sent Sharp's shares
plunging.
Write to Lorraine Luk at lorraine.luk@wsj.com
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