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Sharp, Hon Hai affiliates to buy US display developer

Group seeks to bring eLux's micro-LED technology to market

OSAKA -- Sharp and other Hon Hai Precision Industry group companies will acquire an American startup working on next-generation display technology, aiming to commercialize products such as large displays for which liquid crystals are less suited.

The Japanese electronics maker will team with CyberNet Venture Capital, panel maker Innolux and Advanced Optoelectronic Technology to buy Delaware-based eLux in October, Sharp said Monday. All of the acquirers are owned by or affiliated with Taiwanese contract manufacturer Hon Hai, also known as Foxconn.

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