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Dwindling Sharp earnings cast doubt on parent Foxconn's interest

Japan electronics maker rescued by Terry Gou records 1st net loss in 6 years

"It's not that Foxconn 'lost interest' in Sharp," one analyst says. "It's more that current Foxconn leadership, with its focus on EVs and semiconductors, never had any. (Photo by Akira Kodaka)

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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