Foxconn to continue to pursue Toshiba chip unit acquisition: Sharp CEO

Reuters News
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Posted: Jun 21, 2017 11:46 PM

TAIPEI (Reuters) - Taiwan's Foxconn will continue to pursue an acquisition of Toshiba Corp's chip business, a day after the troubled conglomerate chose a rival suitor as the preferred bidder, the head of Foxconn's Japanese unit said.

"We will continue our efforts," Sharp Corp CEO Tai Jeng-wu told reporters on the sidelines of Foxconn's annual shareholders meeting.

"We will use our track record, our efforts at Sharp, Foxconn's global reach - we are a global company, not a Taiwan company," Tai said.

Foxconn is formally known as Hon Hai Precision Industry Co.

(Reporting by J.R. Wu; Editing by Edwina Gibbs)