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When Sharp sold off some of its LCD manufacturing business to Hon Hai Precision we knew the company had fallen on tough times, we just didn't realize how bad things truly were. That joint venture it formed with Sony, well, it's all but over at this point. The two companies have amended their deal w...

March 28th 2012 at 6:52pm 0 Comments
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For those unaware, going at it alone in the cutthroat display business isn't exactly a recommended business approach. To wit, Sharp -- once a mainstay in the LCD industry -- has just sold an approximate 10 percent stake of itself to Taiwan's Hon Hai Group. Sharp will be issuing new shares worth $80...

March 27th 2012 at 11:44am 0 Comments
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As the world waits for Apple to release the iPhone 5, Reuters is reporting that Cupertino may be refreshing the iPhone 4, as well. According to two anonymous sources "with knowledge of the matter," an unnamed Korean manufacturer has already begun producing parts for a cheaper, 8GB version of the...

August 23rd 2011 at 5:59am 0 Comments
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Foxconn confirmed today that its manufacturing plant in Chengdu, China has reopened and resumed operations following an explosion in its iPad 2 production facility last month that killed three employees and left others in hospital. The company has also announced that while its investigation int...

June 2nd 2011 at 12:02pm 0 Comments
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Hon Hai Precision, the parent company of Foxconn, recorded an impressive revenue increase in its latest earnings report thanks to the iPad 2, the original iPad and the Kinect. According to the Taiwan Economic News, the manufacturing company reported revenue of NT$152.878 billion (about US$5.2 bil...

March 17th 2011 at 4:00am 0 Comments
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A report out of Digitimes suggests that Cybermart, a retail arm of Hon Hai which also owns Foxconn, has recently received approval as an Apple-licensed retailer in the Asia-pacific region. The retailer intends to sell Apple products in up to 500 new stores planned for China, Hong Kong and Taiwan. Cy...

January 28th 2011 at 3:00pm 0 Comments
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AppleInsider reports that Brazilian billionare Eike Batista, who made his $27 billion fortune in the mining industry, is trying to convince Apple to have its products made in Brazil rather than by Foxconn in Shenzhen, China. He is currently constructing the Port of Acu in southern Brazil -- a $1.6 b...

November 17th 2010 at 9:00pm 0 Comments