Foxconn under its Hon Hai Group name and Sharp have together struck a deal that will primarily help Sharp improve its performance. Sharp will agree to use more third-party parts in its manufacturing in return for Foxconn taking a 46.5 percent stake in Sharp's Sakai, Japan LCD plant, equaling Sharp's stake after including an existing seven percent Sony involvement. Both companies would share research work and form a "global" alliance that would let Sharp use Foxconn's production.
