Feeds

Sharp set for 30 BILLION YEN cash injection

Reports say Intel and Qualcomm could help prop up ailing firm

3 Big data security analytics techniques

Ailing electronics giant Sharp could be set to receive a welcome boost to its coffers after reports from Japan revealed chip giants Intel and Qualcomm are considering investments of at least ¥30 billion (£236m) in the firm.

The Osaka-based firm may have been haemorrhaging money in recent years but it is still Japan’s biggest LCD display manufacturer and provides state-of-the-art touchscreen technology for iPads, iPhones, and other high-end mobile devices.

Last month Sharp claimed to have boosted output of its low-power IGZO displays amid rumours that it is looking to persuade ultrabook makers including Lenovo, Dell and HP to choose the tech for the next generation of the ultra-thin laptops.

If those reports are true then it would make sense for Intel to help secure its manufacturing partner's finances.

However, reports conflict over the precise nature of the investment by Qualcomm and Intel.

Reuters, citing two “sources familiar with the matter”, said the US chip giants will “jointly invest” the ¥30bn, with a Qualcomm agreement potentially coming as soon as the end of November. It added that the talks with Intel are less concrete.

However, Japanese news agency Kyodo and the Yomiuri Shimbun claims Sharp and Intel alone are in advanced talks over a ¥30bn investment, with Qualcomm listed as one of a number of other firms the Japanese display maker is chatting to about financial support.

Reports from Japan back in September linked Intel to a similarly sized “capital alliance” with Sharp.

Sharp could certainly do with the money. Reports emerged in September that it is set to slash 11,000 jobs worldwide, halve bonuses and sell off some of its factories in a bid to return to profitability.

It has predicted losses of ¥250bn (£2.1bn) for the year ending March 2013, but managed to secure a ¥360bn (£2.9bn) bailout deal with several Japanese banks.

Intel refused to comment on the news while Qualcomm couldn’t immediately be reached. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.