Sharp India valued at zero as Foxconn parent writes off subsidiary after market share collapse
Foxconn-controlled Sharp Corporation has marked its Indian arm at zero valuation, effectively writing off Sharp India after years of ceding TV and appliance share to Samsung, LG, Sony, and Chinese challengers Xiaomi, TCL and Hisense.
What happened
Foxconn-controlled Sharp Corporation has valued its Indian subsidiary at zero, effectively writing off Sharp India after losing ground in TVs and appliances to
Key facts
- zero valuation