Hon Hai Precision Industry Co., Ltd. has confirmed that the plans to acquire a stake in Sharp Corporation are still on, after a Sharp executive said the company may have several suitors. Negotiations on the possible tie-up are ongoing, a Hon Hai spokesman said when asked about comments on the potential deal made by Sharp China Group general manager Nobuyuki Sugano to a Chinese newspaper over the weekend. The spokesperson added that Sharp and Hon Hai will make a joint announcement once the planned deal is finalized.

In a report in National Business Daily posted online, Sugano was cited as saying that cooperation with Hon Hai is just one of many deals his company is working on. Sharp "can negotiate with several other companies" on financial and technical cooperation, Sugano said, but he noted that nothing has been made public because none of the potential deals have been finalized.