Taiwan's Innolux, Japan's Sharp likely to cooperate in the future: Innolux chief

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TAIPEI (Reuters) - The head of Foxconn’s display-making affiliate Innolux Corp said on Thursday he sees opportunities for cooperation with Sharp Corp, while announcing he was resigning his post to take a role in Sharp under its new parent.

The Japanese electronics maker named a Foxconn vice chairman as its new president on Thursday, the latest step since agreeing a $3.5 billion stake sale in April to Foxconn, formally known as Hon Hai Precision Industry Co.

H.C. Tuan, who will step down as Innolux chairman, said he would be moving to Sharp to help raise the competitiveness of the Japanese display maker, however his specific role had yet to be determined.

“Me going to Sharp is to create a win-win for Innolux and Sharp,” Tuan told reporters during a briefing.

Innolux President Wang Jyh-chau will succeed Tuan, the company said.

(Story corrects name of Innolux chairman in third paragraph to H.C. Tuan, not T.C. Tuan.)

Reporting by J.R. Wu; Editing by Christopher Cushing