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

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Reuters TAIPEI
Last Updated : Jun 22 2017 | 9:48 AM IST

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)

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First Published: Jun 22 2017 | 9:40 AM IST

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