“Both Foxconn and Sharp are pleased to announce the historic strategic alliance of two global technology leaders. The culture of both of our companies is defined by hard work, creativity and innovation. We are committed to restoring profitability and strengthening operations to once again make Sharp a leader in the global electronics arena and a world-class company with a positive outlook. Both our teams are on the same page working towards the same goal”. With these words, in a joint press release, the two companies commented the agreement according to which the Taiwan-based electronics manufacturer Foxconn purchases a 66-percent share of Japanese Sharp for about 3.5 billion dollar.
