[The Next Web] Foxconn’s $3.5 billion acquisition of Sharp is going ahead after months of turbulence

Foxconn, the company best known for being the manufacturer of the iPhone, today approved a plan to acquire Sharp for $3.5 billion according to The Wall Street Journal. Sharp is the 103-year-old maker of a number of different products – from microwaves to LCD screens, and Foxconn is likely to benefit greatly from its LCD display technology. The Wall Street Journal says that “Foxconn believes acquiring Sharp will allow it to move up the technology value chain by making smartphone screens, which are the most expensive components in mobile devices.” The deal was delayed in February when Sharp accepted Foxconn’s…

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