Nearly 100 years after its establishment, Sharp announced on March 27, 2012 that the company would issue new shares to Taiwanese leading EMS (Electronics Manufacturing Service) provider Foxconn and make the latter Sharp's largest shareholder. In addition, Sharp will also transfer an over 40% of additional stake in the SDP (Sharp Display Products) unit that owns a10G LCD panel production line to Foxconn's founder Terry Gou. In the face of fast-changing industry environment, taking the advantage of its technology expertise, Sharp initiated a cross-national partnership for a first time with an EMS provider in order to create a new business model and at the same time solve the loss of profit situation. This report provides insight into the impacts of Sharp and Foxconn partnership on the global flat panel display industry trends.