Sharp faces tough recovery
By Bloomberg | China Daily | Updated: 2016-04-05 08:49
Firm will invest $1.8b on next-generation OLED screens
Over the weekend, Foxconn Technology Group's Terry Gou finally had his moment of victory.
On Saturday, Gou and Sharp Corp President Kozo Takahashi gathered and shook hands in front of more than 300 reporters at the Osaka-based company's Sakai plant, after they finalized a rescue plan for Foxconn and affiliates to take control of Sharp for 389 billion yen ($3.5 billion).
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