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Business deals

Sharp president confident Toshiba PC unit purchase will soon pay off

Hundreds of engineers gained in deal should provide valuable synergies, says Tai Jeng-wu

Sharp's president aims to bring Toshiba's PC business into the black "within one to two years."   © Reuters

OSAKA -- Sharp has decided to buy Toshiba's money-losing personal computer business for an estimated 4 billion yen ($36 million). In an interview with Nikkei Wednesday, Sharp President Tai Jeng-wu, sent by its Taiwanese parent Hon Hai Precision Industry, or Foxconn, showed confidence that he can make the PC business profitable.

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