ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Foxconn, Sharp agree to trim bailout by 100bn yen

TOKYO/TAIPEI -- Key iPhone assembler Hon Hai Precision Industry and troubled Japanese electronics giant Sharp have agreed on a bailout that is 100 billion yen ($884 million) smaller than originally planned, according to people familiar with the ongoing talks.

     Hon Hai, better known as Foxconn Technology Group, and Sharp will hold board meetings Wednesday to approve the deal and sign the acquisition agreement the following day.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more