Audio By Carbonatix
Sharp Corp is in talks to finalize a deal to buy Toshiba Corp’s personal computer business for around 5 billion yen ($45.7 million), as the Japanese electronics unit of Taiwan’s Foxconn seeks to re-enter the PC market, sources said.
The two companies are aiming to clinch the deal as early as this week, the sources close to the transaction said. They declined to be identified because the talks are private.
Sharp’s return to the PC market, first reported by the Nikkei business daily, marks a rare move among Japanese electronics manufacturers, many of which have exited smartphones, PCs and television sets amid price competition with Asian rivals.
Sharp, which withdrew from the PC business in 2010, plans to leverage the vast purchasing network of Foxconn, the world’s largest contract manufacturer and major Apple Inc supplier.
The Taiwanese company, formally known as Hon Hai Precision Industry Co Ltd, already assembles PCs for other global brands.
Toshiba’s PC business reported a loss of 9.6 billion yen on sales of 167.3 billion yen in the year ended March.
The embattled Japanese conglomerate has sold its television business to China’s Hisense Group and its white goods business to China’s Midea Group as it scrambles for funds to cover billions of dollars in liabilities arising from its now bankrupt U.S. nuclear unit Westinghouse.
Toshiba said in a statement the company was considering various options for its PC business and was in negotiations with potential buyers. But nothing specific has been decided, it added. Sharp declined to comment.
Latest Stories
-
Lands Minister Armah-Kofi Buah launches Responsible Cooperative Mining initiative for Akyem Kotoku in Eastern Region
2 minutes -
Bonn Climate Talks: Ghana takes the floor on behalf of the African Group of Negotiators
6 minutes -
Ghana Movie Awards: A great production marred by poor time management
11 minutes -
DENSTAR project: Global consortium launches €11m dengue vaccine initiative for Africa
28 minutes -
TEIN-KsTU lists Mahama government interventions easing tertiary student financial burden
28 minutes -
A rainfall tax for Ghana: Is it time to finance flood resilience differently?
37 minutes -
Telecel Foundation Healthfest extends healthcare service to Konongo for Ashanti Month
43 minutes -
Business Week’s Kofi Ahovi calls for stronger international partnerships to drive climate solutions
47 minutes -
Avenor building collapse victim identified as Esther Donkor, a trader and mother of 4
54 minutes -
GSA PhD cohort in UK expresses frustration over delayed scholarship payments
55 minutes -
Academic City’s Dr Lucy Agyepong honoured at 2026 Ghana Women of the Year Awards
56 minutes -
GJA applauds stakeholders for successful World Press Freedom Day Honours Night
1 hour -
‘Cool heads must prevail’ – Health Committee Chair urges resolution of KATH impasse
1 hour -
West Ham co-owner accused of preying on women for sex
1 hour -
Nearly GH₵24bn of 2026 Q1 budget left unspent as revenue shrinks by GH₵2.7bn – Finance Ministry data
1 hour