Foxconn To Invest $1.6B In Sharp For Flat Panels, Maybe For The iPad? Maybe For Apple TV?

Apple has yet to make any statements about where and when we might ever see an Apple TV product to match the impact it has had in the smartphone and tablet markets. But news of an investment by its key manufacturing partner, Foxconn, could point to the confidence others have of what might be coming soon. Foxconn is investing a combined 133 billion yen ($1.6 billion) in TV maker Sharp Corporation and a flat-panel JV it has with Sony -- and it has added a commitment to buy up to 50 percent of all of Sharp's LCD panel output. The deal is the largest-ever by a Taiwanese manufacturer in a Japanese supplier and could be all the more bold, considering that just yesterday there was a report from iSuppli on how sales of flat-panel TVs were in decline and flattening out.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/_SaIqq8k37k/

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