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Foxconn to shrink size of Sharp?

  • Article published by Jiji Press of Japan
  • Foxconn of Taiwan (aka Hon Hai Precision) is owner of Sharp, and apparently is considering closing the Sharp plant in Sakai, Japan
  • Plant currently makes large LCD panels
  • “drastic measures are necessary to get out of the red”
  • Sharp division of Foxconn may post a loss of 10 billion yen for current fiscal year

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