Sharp, owned by Foxconn, to move out of Japan

Radio Taiwan Interenatrional
Date: 2018-08-03

Japanese electronics manufacturer Sharp, in which Taiwan’s Foxconn a holds majority ownership, will begin to move production of home appliances out of Japan starting this year.

A report in Nikkei Japan on Friday said only Sharp’s Kameyama factory will continue to manufacture televisions after the adjustment. All other manufacturing will move to plants in Thailand and Foxconn’s new plant in the United States, built to mass-produce LCD panels.

The report also said Sharp’s remaining operations in Japan will focus on R&D, logistics, and service tasks after the adjustment. More than 2,000 employees will need to relocate.

Taiwanese electronics giant Foxconn acquired the majority share in Sharp in April 2017. Foxconn has since said that Sharp will focus on the R&D and manufacture of mobile devices in the future.    [FULL  STORY]

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