Japan’s Sharp Corp will supply technology to Taiwan’s Hon Hai Precision Industry Co for a plant in China that will produce panels for Apple’s iPhone and other consumer electronics products, according to “The Nikkei” business daily — as reported by “Reuters” (http://macte.ch/adWfK).
In March Hon Hai o agreed to purchase new shares in Sharp worth 66.9 billion yen ($844 million), giving it an 11% stake in the Japanese company. “The Nikkei” said that the new technology handover, for which Sharp will receive tens of billions of yen in fees, is aimed at improving quality.