The iPhone assembler completed its $3.8 billion deal to buy Sharp, setting the stage for Taiwanese tycoon Terry Gou to begin restructuring efforts to turn around the troubled Japanese company.
Taiwan’s electronics industry has been a pillar of its prosperity for the past four decades, turning the island into a key supplier for the likes of Apple, IBM and Dell, and spawning billionaires such as Hon Hai’s Terry Gou and Quanta's Barry Lam. Yet rising competition from China is increasingly challenging [...]
Hon Hai Precision's Terry Gou (L) shakes hands with Sharp President Kozo Takahashi (R) during a press conference in Osaka on April 2. (Photo: STR/AFP/Getty Images) Shares in Hon Hai Precision, the big Taiwan iPhone assembler that said last week it would lead the purchase of a majority stake in Sharp [...]
Terry Gou signed a $3.5 billion deal to put Sharp under his control and promised a successful rescue of the troubled Japanese electronics maker.
Terry Gou, the secretive Taiwanese billionaire behind Foxconn’s takeover of Sharp, must now prove that he made the right bet on a once formidable Japanese household brand that has lost its way.
Foxconn Chairman Terry Gou carefully orchestrated a $3.5 billion acquisition of the Japanese electronics giant Sharp, beating out the government-backed fund Innovation Network Corp. of Japan.
Foxconn has clinched control of the ailing Japanese display maker for a reduced $3.5 bln. Fixing Sharp will be a tough task for the Taiwanese giant led by Terry Gou. But this historic, if somewhat ugly and complicated deal, is Exhibit A that Japan Inc is capable of reform.
More than a month after Terry Gou, the chairman of Taiwan’s Foxconn, flew to Sharp’s headquarters to clinch a nearly $6 billion bid to take over the floundering company, the two parties have yet to come to an agreement.
The $4.4 bln rescue of the ailing Japanese group is on hold after its Taiwanese buyer said it could not sign the deal - even after Sharp announced the transaction. Foxconn boss Terry Gou is due to meet counterpart Kozo Takahashi. Breakingviews imagines their exchange.
The Foxconn bid to take over Sharp is now only awaiting finalized details between the two parties, Foxconn's CEO Terry Gou told reporters on Friday, indicating that Innovation Network Corp. has indeed been cut out of the loop.
Foxconn Chairman Terry Gou said Friday that the Taiwanese iPhone assembler plans to seal a deal to buy troubled electronics provider Sharp by the end of the month, paving the way for one of the biggest foreign takeovers of a Japanese company.
Foxconn Technology Group Chairman Terry Gou is stepping up pressure on Sharp to quickly accept his proposed bailout. ||| Tokyo - Foxconn Technology Group Chairman Terry Gou is stepping up pressure on Sharp to quickly accept his proposed...Show More Summary
OSAKA, Japan (Reuters) - Foxconn should be able to reach a deal to acquire Sharp Corp over the next two to three weeks, after the two firms reached a consensus on most points at a meeting on Friday, Chief Executive Officer Terry Gou said. Show More Summary
Even if you work for one of the world's largest electronics manufacturers with more than 1 million fellow employees, it always pays to know what your big boss looks like, just in case you ever happen to bump into him. [ more › ]
Apple supplier Foxconn is reportedly cutting costs and widening its margins to keep ahead of the pack as the Chinese smartphone market slows, according to a new report. Although Foxconn’s CEO Terry Gou has been outspoken about his desire to not rely too heavily on any one company, Foxconn currently gets around half of its […]
Foxconn, Apple’s major assembler, is looking to tap India’s massive labor pool and has big ambitions for its Indian investments, according to the company’s chairman, Terry Gou.
Hon Hai Precision Industry, one of Apple's biggest suppliers, may list some of its mainland operations on China stock exchanges in the next three to five years, chairman Terry Gou was reported to have said yesterday. Gou, one of the world's richest electronics tycoons, one didn't provide details, according to a [...]
Three of Asia’s most powerful billionaire tech industry titans have joined forces in a joint venture to produce robots. Masayoshi Son’s SoftBank, Jack Ma’s Alibaba Group Holding and Terry Gou’s Foxconn Technology Group (“Foxconn”) announced an agreement under which Alibaba and Foxconn will each invest 14.5 billion yen in SoftBank Robotics Holdings [...]
Foxconn’s CEO Terry Gou is no fan of Samsung. In fact, according to a new report, he’s been trying to use his influence as Apple’s biggest manufacturing partner to get Apple to lessen its dependency on Samsung — while a … Read more ...
Foxconn has been working to replace its human workforce with robotic “Foxbots” for some time now, but it seems that a 2011 promise by CEO Terry Gou to unleash an army of production robots by the end of 2014 won’t be coming … Read mo...