With Sharp having recently accepted loans of JPY200 billion (US$1.68 billion) from cooperating banks and business-renewal organizations, Foxconn Electronics (Hon Hai Precision Industry), has reportedly given up its plan to invest in Sharp, according to a Japanese-language Nikkan Kogyo Shimbun report.

The report said that the two firms have already reached a consensus to stop their negotiation over the investment.

With competitors' aggressive moves such as China-based BOE ready to activate its 10.5G LCD panel factory in 2018, some market watchers believe that Sharp and Foxconn's jointly invested Sakai Display Product (SDP) will only have advantages over technology for about 2-3 years and may need to start seeking new plans for related industries.