Sharp names Foxconn executive as CEO to spearhead revival

Sharp names Foxconn executive as CEO to spearhead revival

Hon Hai's Vice President Tai Jeng-wu attends a news conference to announce the company's agreement to acquire Sharp Corp in Taipei, Taiwan March 30, 2016. REUTERS/Tyrone Siu/Files

Japan’s Sharp Corp has named a top Foxconn executive as CEO and said it would seal a $3.5 billion stake sale to the Taiwanese firm ahead of schedule, as the display maker seeks a return to profit in the face of slowing smartphone sales.

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