Foxconn, SHARP Sign Strategic Cooperation Agreement to Advance "3+3+3" Strategy

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Foxconn Technology Group announced that it has signed a strategic cooperation memorandum with SHARP Corporation. The two companies will leverage a clear cooperation framework and communication mechanism, combining Foxconn's technological capabilities, global manufacturing, supply chain management, and investment ecosystem built under its "3+3+3" strategy with SHARP's global brand influence, market channels, and customer service network advantages to jointly evaluate investments and other cooperation models, accelerating new business development and market expansion.

Based on the strategic cooperation memorandum signed by both parties, the scope of cooperation covers areas such as AI infrastructure and solutions, energy and ESG-related applications, robotics and intelligent automation systems, next-generation communication technologies, and smart cities. The two parties will jointly develop innovative products and services that meet market demands.

Both parties will prioritize assessing the feasibility of establishing a "3+3+3" joint R&D platform, combining SHARP's new business layout with Foxconn's technological capabilities in key growth areas such as AI, energy, robotics, electric vehicles, and next-generation communications, to promote joint R&D, technology verification (PoC), product development, and commercial applications, further strengthening their competitive advantages in growth industries.

In addition, both parties will evaluate the establishment of a business development cooperation platform for the new business, combining SHARP's brand and market advantages with Foxconn's manufacturing capabilities, supply chain resources, and global partner network to jointly expand business opportunities in the Japanese and global markets and accelerate the launch of the new business.

The collaboration in the field of AI infrastructure, which has attracted market attention, will build upon SHARP's announced AI server business to further explore the promotion of AI server-related products and solutions under the SHARP brand. It will also combine product supply, maintenance services, implementation support, and related business models to respond to the rapidly growing demand from enterprise and industrial customers for high-performance computing and AI applications.

Liu Yangwei, Chairman of Foxconn Technology Group, stated, "SHARP, as an important affiliated company of Foxconn Group, possesses profound brand value and a strong market foundation, while Foxconn boasts globally leading technological manufacturing capabilities, supply chain management, and innovative R&D strength. Through this strategic cooperation framework, we look forward to promoting resource complementarity between the two parties from a group-wide perspective, creating new business models in growth industries such as AI, energy, and robotics, and further enhancing SHARP's corporate value and Foxconn Group's overall competitiveness."

Tetsuji Kawamura, President and CEO of SHARP Corporation, stated, "SHARP has a long history of deep roots in the Japanese and global markets, possessing a strong brand foundation and customer connections. Through this collaboration, we look forward to combining Foxconn's strengths in technological innovation and global supply chain to jointly drive new business development and create more growth opportunities."

Going forward, SHARP and Foxconn will use this strategic cooperation memorandum as a crucial foundation for their collaboration, continuously advancing various cooperative projects through a clear cooperation framework and communication mechanism. This cooperation not only establishes a framework for external cooperation between the two parties but also serves as a significant declaration of Foxconn Group and SHARP's commitment to resource integration and the launch of new businesses. Both parties will carefully evaluate and gradually implement various cooperation opportunities based on market demand and industry development trends, jointly creating long-term value.