Sharp is in desperate need of some cash. And it's trying to find any opportunity to raise some.
The company is considering selling two TV assembly plants in Mexico and China, The Wall Street Journal reported today, citing sources. The company is considering selling the plants to manufacturer Hon Hai Precision Industry -- better known as Foxconn -- or to a joint venture called Sharp Display Products Corp. run by Sharp and Hon Hai Chairman Terry Gou, according to the Journal.
If Sharp sells the facilities, the company would shed 3,000 employees from its workforce, helping it to … Read more