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Business

Sharp switching to overseas expansion mode under Foxconn

OSAKA -- Sharp is mulling Chinese sales of solar cells and a return to the U.S. and European TV markets as part of efforts to rebuild under new Taiwanese parent Hon Hai Precision Industry.

Expecting domestic demand to grow only slowly in the key business of solar cells, the Osaka-based electronics manufacturer is turning to the massive Chinese market. It is carrying out market research with an eye toward trial sales, targeting megasolar plants.

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