Japan’s business leaders get wake-up call as Sharp sells stake to Taiwan's Hon Hai

SHARP is a world leader in LCD technology and a Japanese icon (photo:dpa)
SHARP is a world leader in LCD technology and a Japanese icon (photo:dpa)

Greater Chinese electronics giant Hon Hai - a major supplier of Apple’s iPads and iPhones - has snapped up a ten per cent stake in Japan’s leading electronics business Sharp. This strategic investment is likely to be a wake-up call to Japanese businesses and encourage other Chinese firms looking to invest in such world-class assets.

SHARP, a world leader in LCD technology and one of the icons of Japan’s electronics industry, has taken a dramatic step to deal with the strategic and financial mess it has been in for the last couple of years.

The company has sold a 10 per cent stake to the Taiwanese or Greater China electronics giant Hon Hai as a way of...

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