Apple might have propped Sharp with a cool $2 billion to ensure future screen tech supply
Apple's chief assembler Foxconn's parent company is trying to build stakes in Sharp, to ensure future supplies of its innovative screen technologies like IGZO, with the knowledge that Apple is betting on the Japanese for the long term. The deal dell through as creditors were giving Sharp the stink eye. Then all of a sudden, Sharp stopped having problems, and said all is well with screen production for Apple's gadgets.Meanwhile, other rumors emerged that
The analyst thinks that Apple might have snatched a whole display production line, and secured it in the form of component prepayments, thus taking it on the balance sheet without alarming Sharp's creditors.
If so, Cupertino kills a few birds with one stone - it ensures continuous supply of screens for its new iPhone and iPad models, diversifies from Samsung and LG as display suppliers, and gains access to Sharp's screen tech, which is at the forefront of LCD development, and might come in handy if/when Apple decides to go ahead with a TV business.