Hon Hai (HNHAF.PK) chairman Terry Gou left Japan without managing to renegotiate an investment...

|About: Hon Hai Precision Industry ... (HNHAF)|By:, SA News Editor

Hon Hai (HNHAF.PK) chairman Terry Gou left Japan without managing to renegotiate an investment deal with Sharp (SHCAY.PK), local media reports. Hon Hai, parent of contract manufacturing giant Foxconn, wants a lower price tag for the deal due to the bludgeoning Sharp's shares have seen in Tokyo. Hon Hai has hoped the tie-up will lead to lower LCD panel costs, while Sharp has been hoping it will deliver improved operating efficiencies. Both companies are key Apple (AAPL) suppliers.