Foxconn Counts on Apple’s Future Through Sharp Investment

Sharp Corp., the maker of Japan’s first commercial TVs, is turning to Foxconn Technology Group and founder Terry Gou for a $1.6 billion investment to help turn around a business heading for its worst loss in a century.

“The tie-up shows how bad things are for Sharp,” said Edwin Merner, president of Tokyo-based Atlantis Investment Research, which manages $300 million. “They are in trouble and their very survival is at stake.”