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Monday, April 29, 2024

Dwindling Sharp earnings cast doubt on parent Foxconn’s interest

TOKYO — Sharp, the Taiwanese-owned, Japanese electronics maker, on Thursday reported its first net loss in six years due to the poor performance of a display subsidiary that was acquired on instructions from its parent, Hon Hai Precision Industry, known as Foxconn.

The result raises the question of whether Foxconn remains interested in fully rehabilitating Sharp, as the Taiwanese electronics maker’s focus increasingly shifts to electric vehicles.

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