Sharp will supply technical know-how to Foxconn for a new plant in China that will produce display panels for the iPhone and other consumer electronics, according to a new report.
Citing the Nikkei business daily, Reuters reports that the technology sharing agreement only further serves to tie the company to Foxconn, which in March agreed to buy a nearly 47 percent stake in a Sharp LCD manufacturing plant in Sakai, Japan.
That plant is said in the report to be Japan’s most advanced panel factory; at the same time, Foxconn also agreed to purchase an 11 percent stake in Sharp for roughly $844 million.