CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company is set to acquire Sharp corporation
A
Foxconn
B
Alstom
C
Cosworth
D
None of the above
Explanation: 

Detailed explanation-1: -Since 2016 it has been majority owned by the Taiwan-based Foxconn Group. Sharp employs more than 50, 000 people worldwide. The company was founded in September 1912 in Tokyo and takes its name from the Ever-Sharp mechanical pencil, which was invented by company founder Tokuji Hayakawa in 1915.

Detailed explanation-2: -In 2016, when Foxconn acquired Sharp for $3.8 billion, there were questions over how the company would deploy the intellectual property that came with it.

Detailed explanation-3: -By acquiring Sharp, Foxconn could earn an even larger portion of the overall bill of materials for the iPhone. Apple would also benefit from the deal because it could buy iPhone screens from a partner, rather than a competitor like LG, from whom it currently buys screens.

Detailed explanation-4: -Since our founding in 1912, Sharp Corporation has continuously innovated with original products, from the “Ever-Sharp” mechanical pencils to the world’s first LCD electronic calculators. Sharp has always been driven by originality, starting with our founder Tokuji Hayakawa and his spirit of sincerity and creativity.

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