Sharp’s share price jumped 7 per cent in Tokyo on Monday after the chief executive of Foxconn said he could turn the company round in just three years if the Japanese government would let him.
In remarks reported on Saturday, Terry Gou told the Central News Agency of Taiwan he could get the group to break even within two years.
Mr Gou is founder of Foxconn, the world’s largest contract electronics manufacturer, also known as Hon Hai Precision Industry. His comments followed meetings with Sharp in Osaka.
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