Companies
23/03/2016

Foxconn’s deal with Sharp does not materially impact Samsung’s business


Samsung does not see any material impact in its business arising out of concerns from Foxconn’s takeover of Sharp Corp, a manufacturer of display boards.



As per a senior Samsung executive, the electronic manufacturing giant does not perceive any significant threat to its television business in the event of a successful takeover by Foxconn of Sharp Corp, a player in the display manufacturing sector.

During a press conference, Kim Hyun-suk, head of Samsung's TV business, disclosed to reporters that Samsung, the world’s No.1 TV manufacturer by market share, currently buys panels from the Sakkai plant which is a joint venture between Foxconn and Sharp.

"Of course it's hard to predict what might happen in the future ... but I don't expect any material changes in our business," said Kim.

Debashish Mukherjee
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