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Qualcomm, Intel May Rescue Sharp

Sharp has arranged a loan from two Japanese banks to keep it afloat through March 2014
By Maureen O'Gara
Article Rating:
November 19, 2012 06:30 AM EST
Reads:
 2,772

Qualcomm and Intel are apparently considering rescuing Sharp and its LCDs from the gutter by investing upwards of $378 million in the joint, not enough money to salvage the place.

Japan's Kyodo News said Intel might be persuaded to invest $378 million-$500 million in the company. It could also be a joint investment though Intel appears to be less ra-ra about the idea than Qualcomm despite its Ultrabook touchscreen interests according to Reuters.

Sharp has arranged a loan from two Japanese banks to keep it afloat through March 2014.

The company is now producing one of the highest pixel density screens to date, a 5-inch screen with a resolution of 1,080 x 1,920 pixels, yielding a pixel density of 443 pixels an inch. The iPhone 5 has a pixel density of 326 pixels an inch.

Apple gets iPads and iPhones displays from Sharp.

Sharp could theoretically provide Intel Ultrabooks with its power-saving IGZO displays.

Sharp's TV business is in decline and it's carrying a $13.8 billion debt load.

Taiwan's Hon Hai has been talking to Sharp with no results although Sharp has lost 75% of its value this year.

Sharp agreed in March to sell a 9.9% position to Foxconn, a deal upset by a drastic fall in Sharp's value.

Published November 19, 2012 – Reads 2,772
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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