Foxconn has proposed the buyout, which would give Sharp the chance to offload a failing unit.
A move could help Foxconn lower its manufacturing costs, though Apple customers won't likely see those savings.
A new report suggests that Foxconn will cut back on its workers, but the company says it's only reducing the pace of employee recruitment.
Once the mobile maker to beat, BlackBerry is fighting for survival. Its secret weapon: the first-ever BlackBerry phone powered by Google's Android software.
Will this Chinese manufacturer's search for the next big thing pay off? CNET takes a tour of Foxconn's Innoconn Beijing campus to find out more.
If Foxconn makes the investment, it would be the largest in the company's history, but so far, talks are only in their preliminary stages.
The Hong Kong-based handset maker may be the latest company to have its smartphones manufactured in India, following brands like Samsung, HTC, Xiaomi and Motorola.
New York-based China Labor Watch claims more work needs to be done to improve conditions at a supplier-owned factory in Shanghai.
This will either be the camera of the future or another toy to send to the island of misfit cameras.
Buyers of the new phone may have to wait a while to get it as Apple supplier Foxconn struggles to ramp up production, says the Wall Street Journal.