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Foxconn joint venture to build $8.8 billion LCD plant in China

December 30, 2016 by · Leave a Comment 

A joint venture between Hon Hai Precision Industry Co , known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs). Sakai Display Products Corp's plant will be a so-called Gen-10.5 facility specializing

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Foxconn joint venture to build $8.8 billion LCD plant in China

sharp-corp

Russian oil output highest in 30 years ahead of Doha meeting

April 3, 2016 by · Leave a Comment 

By Vladimir Soldatkin MOSCOW (Reuters) – Russia's oil production rose 0.3 percent to 10.91 million barrels per day in March, its highest level in nearly 30 years, raising questions over Moscow's commitment to freeze output ahead of a producers' meeting in Doha later in April. Energy Ministry data on Saturday showed that in tonnes, oil output reached 46.149 million in March versus 43.064 million, or 10.88 million bpd, in February. …

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Russian oil output highest in 30 years ahead of Doha meeting

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Foxconn seals $3.5 billion takeover of Sharp as executives seek to shake off doubts

April 3, 2016 by · Leave a Comment 

By Makiko Yamazaki SAKAI, Japan (Reuters) – Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp …

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Foxconn seals $3.5 billion takeover of Sharp as executives seek to shake off doubts

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Sharp’s banks set to offer additional aid as part of Foxconn deal: source

March 9, 2016 by · Leave a Comment 

By Taro Fuse TOKYO (Reuters) – Sharp Corp's two main banks are set to lower interest rates on billions of dollars in loans and offer other financial support as part of a planned takeover by Taiwan's Foxconn, a source with direct knowledge of the plan said. The core banking units of Mitsubishi UFJ Financial Group Inc and Mizuho Financial Group Inc have extended the vast majority of Sharp's 510 billion yen ($4.5 billion) in syndicated loans which are…

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Sharp’s banks set to offer additional aid as part of Foxconn deal: source