China and Apple, two wary giants that are strategically linked, have a menage of partners they need.
Russ Imrie August 2012
Just as critical for them both then, is the survival of Osaka‘s Sharp, maker of the next-generation display technology Apple is building into a new iPhone and a new iPad coming this fall. Sharp is hurting from a worldwide market decline in demand for TV displays–down about 7% globally and also the impact of the 2011 Tsunami and some devisive politics.
Is it as a not-quite-white knight that Foxconn is bailing out Sharp and its owner personally kicking in millions besides? Foxconn, despite Apple’s intentions, is unloved by its thousands of toiling drones…on June 5th, 1,000 rioted over a harsh reaction by company security and civil police to a minor incident.
The high-value technologies Japan has the locked-in capacity for and expertise in have been eyed by Japan’s high-tech and wanna-be-high-tech competitors for decades. Is this more of a slide? Are we seeing further deterioration of Japan’s technology crown jewels from the Tsunami? Is this a grab or merely a necessary move so China’s workers and Apple’s coffers stay in the green?
Sent from iPhone
- Hon Hai and Foxconn Renegotiate Investment in Sharp, Shares Rally (forbes.com)
- Foxconn CEO says iPhone 5 will put Samsung Galaxy S III to shame (slashgear.com)
- Foxconn planning a billion-dollar factory in Indonesia, creating a million jobs (idownloadblog.com)
- Apple needs Sharp with Foxconn stake as new iPhone nears (investmentwatchblog.com)
Copyright © forever and 2012 by Russell Imrie