Sharp to sell symbolic LCD plant to parent company Foxconn

Japanese electronics firm Sharp Corp. said Monday it will sell a liquid crystal display panel plant in central Japan, once viewed as a symbol of the company's strong position in the TV market, to its Taiwanese parent company, Foxconn.The company will sell the second plant at its LCD production site in Kameyama, Mie Prefecture, where it currently makes LCD screens for smartphones and personal computers.The facility, along with the first plant at the site, once produced LCD TVs known as the "Kameyama Model," which helped boost Sharp's presence in the large-screen TV market.Sharp said that onc…READ FULL ARTICLE