Foxconn, the world's largest contract electronics maker, reported a 56% plunge in first-quarter net profit, due to a T$17.3 billion ($553 million) write-down related to its 34% stake in Japanese electronics maker Sharp.
During the meetings, which were attended by more than 100 employees, Liu talked about issues including the companies' relationship, Sharp's global positioning and the future of the Japanese company, Sharp said in a statement.
"I hope we will overcome this difficult phase and win back glory by bringing together our wisdom, speeding things up and boosting trust within and outside the company," Liu was quoted as telling Sharp employees.
"I would like to think about ways to create synergy through Hon Hai's support." For more, read the full Reuter's report.
It was reported in 2021 by Nikkei Asia that Japan's Sharp was reaping benefits in LCD displays with Apple. Sharp has been trying to enter Apple's supply chain for OLED displays but has never made a dent. Foxconn may be looking to boost Sharp's OLED business with Apple and making smart OLED displays for car windshields, a new emerging opportunity for Foxconn who is now in the EV market.
