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Technology Stocks : Universal Display

OLED 147.28

+0.3%

Oct 31 9:30 AM EST

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From: MorganBucks	5/23/2017 1:43:39 PM
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5/23/17 Foxconn is a Vision Fund contributor 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 companieswill 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.

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