Feeds

Sweating Sharp cops a boost as Intel sniffs around

Chipzilla could be fixin' to snork up ¥30bn stake

Choosing a cloud hosting partner with confidence

Struggling electronics firm Sharp got a welcome boost today from rumours that Intel was looking to invest over ¥30bn for a large stake in its business.

The Japanese company's shares rose nearly five per cent in Tokyo trading to ¥212 after The Mainichi newspaper reported that it was in talks with chip giant Intel.

According to the Japanese newspaper's unnamed source, Intel likes the look of Sharp's LCD tech and wants to team up with the firm on smartphones and other products.

Sharp is in dire need of a cash injection after it was left in the lurch by Foxconn-daddy Hon Hai Group.

The group had agreed to nab a 9.9 per cent stake in Sharp for ¥66.9bn (£547m, $853.8m) and put another ¥66bn (£539.58m, $842.3m) into its TV business. But it dropped out of the deal when Sharp's shares fell and failed to negotiate new terms it was happy with.

With or without a new investor, Sharp has restructuring plans in motion including letting 5,000 employees go, selling plants to Hon Hai, mortgaging its HQ and cutting down production of solar cells. ®

Beginner's guide to SSL certificates

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.