Foxconn working towards cutting planned investment into Sharp

Foxconn working towards cutting planned investment into Sharp

Workers stand at the gate of a Foxconn factory in the township of Longhua in Shenzhen, Guangdong province in this May 26, 2010 file photo. REUTERS/Stringer

Taiwan’s Foxconn is working towards reducing its planned investment into loss-making Japanese electronics firm Sharp Corp by around 100 billion yen ($893 million) from an initial plan of 489 billion yen, two sources familiar with the matter said on Tuesday.

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