Foxconn's parent, Hon Hai Precision Industry, partnered up with Sharp earlier this year, taking a stake in Sharp's Sakai LCD manufacturing plant and investing another $850 million in the company. Unfortunately, that latter investment deal is in danger of dissolving due to Sharp's financial troubles. The Wall Street Journal reports that Sharp's shares have fallen enough in the months since the aforementioned agreement was consummated in March — due to flagging sales and excess inventory — that Sharp's given Hon Hai the option to back out of the deal.
2DayBlog.com , Foxconn investment in Sharp looking less likely due to LCD manufacturer's shrinking stock value, Foxconn investment in Sharp looking less likely due to LCD manufacturer's shrinking stock value
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