A foreign company is taking over one of the country¡¯s leading electronics makers after Sharp Corp. and Taiwan¡¯s Hon Hai Precision Industry Co. sealed an agreement Saturday following a monthlong delay in signing the deal.

Speaking to reporters gathered in Osaka, Hon Hai Chairman Terry Gou expressed confidence the partnership will work.

¡°We have been working so hard to make this day possible,¡± said Gou, who founded the world¡¯s largest contract manufacturer of electronics products, including for Apple iPhones.