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Struggling Sharp Mortgages Factories to Stay Afloat

Published on September 6, 2012
by John Paczkowski

It’s a dull day, indeed, for Sharp. The struggling electronics maker said Thursday that in order to remain in business, it has mortgaged nearly all of the real estate it owns in Japan, including a key factory that produces displays for the next-generation iPhone, which Apple is expected to debut next week. News of the move comes as Sharp scrambles to secure funding from Hon Hai, parent company of Foxconn Electronics.

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