OSAKA -- Sharp's decision to withdraw from white goods production in Japan reflects CEO Tai Jeng-wu's ambition to transform the company into a technology specialty house like Apple.
The announcement to move refrigerator production abroad comes on the back of a rapid earnings recovery at the Osaka-based electronics maker. Instead of resting on the success, however, Taiwanese parent Hon Hai Precision Industry, or Foxconn, seeks to further bolster earnings by pursuing a clear division of labor within the group.
