Intel, Qualcomm could invest $378m in Sharp

Micro Electronics

by CBR Staff Writer| 14 November 2012

Sharp is expected to sign an agreement by the end of November with Qualcomm

US based Intel and Qualcomm considering joint investment of about JPY30bn ($369m) in the struggling Japanese electronics firm Sharp.

Sharp is expected to sign an agreement by the end of November with Qualcomm, according a source cited by Reuters.

The firm has also received a loan guarantee of JPY$360bn from two Japanese banks including Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank, in September that would allow it to sustain through March 2014.

Sharp's most valuable assets include low-temperature polysilicon (LTPS) and IGZO display technologies that enable lean smartphone and tablet designs with high resolution screens.

During early November, the Osaka-based firm had doubled its net loss forecast to JPY450bn ($5.7bn) following a $1.1bn restructuring charge in July-September period.

The firm is also planning to shift towards small displays to restore its position and observes the new generation of top-end laptops as a fresh market.

Intel is supporting ultrabooks as counter to tablet computers from Apple and during early 2012, it inked deals with several panel makers to assure adequate supplies for a wave of ultrabooks with touch screens powered by Microsoft's Windows 8.

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