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© igor stevanovic dreamstime.com Business | May 25, 2016

Foxconn has made a decision regarding Sharp's solar business

The Taiwanese EMS giant Foxconn is responding to concerns from business partners over a possible closure of the unit.

The short answer: No, Foxconn won't sell the Sharp unit. In a Reuters article, Terry Gou is cited saying: "We want to let you know that we are totally committed to this business". This reportedly confirmed by newly-appointed Sharp CEO Tai Jeng-wu. Foxconn is still negotiating the acquisition of Japanese institution Sharp in a USD 3.5 billion deal (Evertiq reported). In recent reports, end of June was named as deadline.
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