APPLE FACTORY IN CHINA BUYING SHARP?

In another sign of Chinese manufacturing’s ascent as Japan struggles, the Taiwanese giant Foxconn will become the largest shareholder in Sharp, a former exemplar of Japan’s electronics empire that has lately fallen on hard times. 

Besides giving Sharp a much needed injection of money, the Foxconn deal, announced here Tuesday, will aim to help the Japanese company restore profitability to its TV manufacturing and liquid crystal display businesses. 

Sharp is a big maker of flat-panel television sets and still considered an innovator in liquid crystal display, or LCD, technology. But the company is hemorrhaging money. And, like its compatriots Sony and Panasonic, Sharp has lost ground to more nimble South Korean companies like Samsung and LG. 

Foxconn, whose formal name is Hon Hai Precision Industry Group, has become a world leader on the strength of its sprawling factory campuses on the Chinese mainland. It is primarily a contract manufacturer, with premier clients that include Apple.

I THINK IS GONNA PISS OFF APPLE AND THEY ARE GONNA PULL OUT OF FOXCONN. STAY TUNED...