Apple’s primary manufacturing partner Foxconn is looking to buy more shares of display panel maker Sharp, fuelling rumours about the Apple television set.
Foxconn Chairman Terry Gou revealed that his company is currently considering buying more shares of Sharp following a drop in share price, reports Reuters.
During Foxconn’s annual meeting in Taiwan on Monday, Gou told shareholders: “I’m proud to say that the cooperation with Sharp will let us beat Samsung in terms of clearness – high resolution,” suggesting that an impressive new television is going to be made in Foxconn’s factories, possibly for Apple.
Gou also said that Sharp’s Sakai plant has “an exclusive agreement with Corning on large panel supply; so our competitors won’t be able to secure any glass even if they want it.”
In March, Hon Hai Precision Industry (the parent company of Foxconn) purchased a 10 per cent stake in Sharp, and acquired almost half of its LCD panel subsidiary Sharp Display Products. This announcement led to speculation that Foxconn and Sharp would be partnering up to supply Apple with its smart TV.
Sharp already supplies Apple with displays for the third-generation iPad and other devices.
Author: Ashleigh Macro, Head of Affiliate
Ashleigh is Tech Advisor's Head of Affiliate. Providing expert buying advice you can trust is her forte, helping you to find the most reputable consumer tech products and services, and ensuring you don't spend a penny more than you should.