In April Patently Apple posted a report titled "Foxconn to make 'Capital Intensive' Investment in the U.S. that will be revealed at a Special Event this Summer." Foxconn is one of the Vision Fund contributors along with Apple and SoftBank. The fund played a role over the weekend with the U.S. President and Saudi Arabia signing a deal for $93 billion to invest in U.S. technology. SoftBank's Chief Masayoshi Son followed the President to Saudi Arabia who was behind the deal. Today we learning about another potential deal with Foxconn and a U.S. company. The Nikkei is reporting today that "Sharp and other Hon Hai Precision Industry group companies will acquire an American startup working on next-generation display technology, aiming to commercialize products such as large displays for which liquid crystals are less suited. The Japanese electronics maker will team with CyberNet Venture Capital, panel maker Innolux and Advanced Optoelectronic Technology to buy Delaware-based eLux in October, Sharp said Monday. All of the acquirers are owned by or affiliated with Taiwanese contract manufacturer Hon Hai, also known as Foxconn. The American startup develops technology for micro-LED displays, which consist of small, light-emitting diodes. The company was established in October 2016 by researchers formerly employed at Sharp research facilities in the U.S. Sharp will hold a share of just over 30% in eLux, a stake valued at $7 million, in exchange for related patents. There's intense interest of late for micro-LED displays. Patently Apple posted a report on this earlier this month titled "Samsung Seeks to Join the Micro-LED Display Race along with Apple, Sony and Oculus." Last month we covered another report titled "Korea's Deep Paranoia is Setting in as Apple Considers a Supply Shift to China and Apple Watch 3 Shifts to Micro-LED." |