Foxconn determined to invest in Sharp

Foxconn Technology Group is determined to buy a stake in Sharp Corp. even after the Japanese company’s widened loss forecast and a plunge in its share price. “It was never terminated,” Foxconn founder and chairman Terry Gou said in Taipei today. “At the most appropriate time and most appropriate price, we’ll then enter.” Gou and his companies agreed to invest 133 billion yen (Dh6.24 billion) to help rescue Sharp Corp. in March.