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Foxconn looks for a board seat at Sharp as Apple HDTV nears

Manufacturing heavyweight Foxconn (2354) is reportedly interested in acquiring board seats at Sharp Electronics (6753), DigiTimes reported on Friday. The company received three non-executive board seats at Sharp Display earlier this month after it acquired a 46.48% stake in the company, equivalent to 1.32 million shares. In response to reports that it was seeking a board seat at Sharp Display’s parent company, Foxconn reportedly said that “the company’s focus in cooperating with Sharp is to help complement each’s weakness to allow each side to achieve maximum benefits.” The company did...

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Published By: BGR gadgets - Friday, 20 July, 2012