It will be the largest acquisition by a foreign company in Japan’s tech sector to date.
Taiwanese manufacturing and supply firm Hon Hai Precision Industry Co, or more readily known as “Foxconn,” will acquire Japan’s Sharp Corporation for $5.5 billion, Reuters reports. The deal is expected to close by the end of this month and the amount that Foxconn is offering would make it the largest acquisition by a foreign company in Japan’s tech sector to date.
