Just as we've digested the news about Apple's favorite manufacturer Foxconn buying an eleven percent stake in Japanese giant Sharp (apparently in order to better compete for display orders from Apple), a new report surfaced claiming the iPhone maker itself is considering investing a whopping $9.76 billion in Foxconn.
The sum would be enough for a 20 percent stake in the Asian manufacturing powerhouse. Is this why Tim Cook toured China a week ago? Surely an investment this big would let Apple have a greater say on working conditions in Foxconn plants.
The two partners would also get to collaborate more tightly on new projects that require in-depth knowledge of the intricacies behind large-scale operations run by Foxconn, Apple's strategic manufacturing ally.