Feeds

Sharp set for 30 BILLION YEN cash injection

Reports say Intel and Qualcomm could help prop up ailing firm

Mobile application security vulnerability report

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. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.