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HONG KONG — Foxconn filed for an IPO of its cable and connector unit here, with the potential to raise between $500 million and $1 billion, according to published reports.

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WASHINGTON — Worldwide semiconductor sales fell 7.7% in May from a year ago, to $26 billion.

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TAIPEI – Following Foxconn’s $3.5 billion purchase of Sharp, the ODM plans to close a number of money-losing businesses and lay off 7,000 employees, according to reports.

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