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Sharp wants Sakai plant back in fold for TV displays: CEO

Chairman Tai open to tie-up with embattled Japan Display

Sharp Chairman and CEO Tai Jeng-wu says he hopes to cut costs by about 40 billion yen a year at Sakai Display. (Photo by Hiromasa Matsuura)

OSAKA -- Sharp is trying again to crack the market for TV display panels by possibly reclaiming ownership of a key factory near Osaka, Chairman and CEO Tai Jeng-wu told Nikkei on Friday.

The Sakai plant, which came online in 2009, is capable of processing some of the world's largest glass substrates into liquid-crystal displays. Its roughly 430 billion yen ($4 billion) price tag was a major factor behind Sharp's financial troubles in recent years.

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