Key facts
- Katsuhiko Machida is a former president and chairman of Sharp.
- Machida believes Foxconn ownership of Sharp has been negative.
- Sharp was acquired by Foxconn a decade ago.
- Machida states Sharp has strayed from its innovative product focus.
- Financials show a significant decline in sales.
- Financials show a significant decline in R&D spending.
Katsuhiko Machida, who previously served as the president and chairman of Sharp, has voiced his opinion that the company's acquisition by Foxconn a decade ago has had a negative impact. Machida believes that Sharp has deviated from its historical emphasis on innovative product development since the takeover. He cites financial indicators, specifically a significant decline in both sales and spending on research and development, as evidence supporting his assertion that the company's trajectory has been negatively affected under Foxconn's ownership. Machida's perspective suggests a concern that the focus has shifted away from the core strengths that once defined Sharp's market position.