TOKYO--Sharp Corp. (6753.TO) is in talks with Intel Corp. (INTC)
over a possible capital tie-up involving a cash injection of more
than ¥30 billion ($383 million), the Mainichi Shimbun
reported in its Friday morning edition.
The U.S. chip giant is looking to take advantage of Sharp's
small- to medium-sized liquid crystal display panel technology,
while for the struggling Japanese electronics firm, the tie-up
would provide much needed cash and a steady customer for its panel
technology, the report said, without citing where it obtained the
information.
The two sides could reach a deal by the end of October, the
report added.
Sharp posted its worst ever net loss of Y376 billion in the
fiscal year ended March, and is expecting another loss of Y250
billion in the current business year.
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