Shock! Liu Yangwei simultaneously serves as Chairman of Sharp in Japan, industry insiders worry: could be a double-edged sword

Reported 9 months ago

On June 27, 2024, Liu Yangwei, the Chairman of Hon Hai Group, was announced to concurrently serve as the new Chairman (equivalent to Chairman in Taiwan) of Sharp, a Japanese company that Hon Hai group has investments in. While some are concerned about potential brand customer concerns and challenges, Liu Yangwei had promised at a previous Hon Hai shareholder meeting to assist in the transformation of Sharp and deepen cooperation between the two companies. Sharp also announced changes in leadership, with new Board of Directors and corporate governance structure enhancements to support long-term operational growth. Despite concerns, industry experts believe Liu Yangwei's main task as Chairman of Sharp will involve addressing the company's losses and improving brand business, particularly focusing on white goods and certain information communication products, while ensuring minimal impact on Hon Hai's manufacturing orders.

Source: YAHOO

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