Sharp Said in Talks for Investment by Intel
November 13 2012 - 7:30PM
Dow Jones News
Struggling Sharp Corp. (6753.TO, SHCAY) is in final talks with
Intel Corp. (INTC) to receive around Y30 billion to Y40 billion of
investment as the Japanese company seeks to improve its financial
standing, Kyodo News reported Tuesday, citing people close to the
matter.
Sharp is also in talks with U.S. telecom giant Qualcomm Inc.
(QCOM) on a capital and business tie-up, they said.
Sharp, which is aiming to turn its business around by expanding
its supply of advanced Igzo power-saving liquid crystal display
panels, is also mulling forming business alliances for the panels
with several companies including Apple Inc. (AAPL), Google Inc.
(GOOG) and Microsoft Corp. (MSFT).
Write to nymonitoring@dowjones.com
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