Foxconn confirms $3.5 billion takeover of iPhone display maker

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iPhone rain by Dariusz-Sankowski
Among other things, Sharp builds iPhone displays.
Photo: Dariusz Sanksowski/Pixabay. Licensed via CC0 1.0.

Foxconn is cementing its importance to Apple by finalizing a deal to acquire a majority interest in struggling iPhone display maker Sharp for a reported 389 billion yen — or $3.5 billion.

The multi-billion dollar bailout of Sharp was originally reported as being completed back in February, only to be placed on hold after previously undisclosed liabilities threatened the deal.

Apple is experimenting with new supplier to build ‘iPhone 5se’

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Don't call it the '5se'.
The iPhone may be shrinking, but Apple's supplier base sure isn't.
Photo: Martin Hajek

Apple is reportedly adding a new supplier to help build its eagerly-anticipated 4-inch “iPhone 5se” — giving up-and-coming supplier Wistron a piece of the iPhone-producing pie in an an attempt to “nurture” it as a non-Foxconn Apple manufacturer.