Tuesday, 06 November 2012 23:47

Apple and Intel to invest in Sharp

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Sharp's business woes could find help in Apple and Intel, according to Japanese sources. The two companies are reportedly just some of many interested to invest in the ailing Sharp. Even though Sharp is a world known brand they have had very poor financial results in the last few years It has even come to the point where they are having doubts that the company can continue to operate.

The Japanese manufacturer, among other things is interesting to investors because of their energy efficient IGZO screens that are used in mobile devices. Although mass production has just started and is currently available only for a few types of devices based on these Sharp screens, a wider spread of technology is promising. This is something that both Sharp and investors are aware of, sources said. The company recently announced that Foxconn is taking over an 11% stake in Sharp; even though the negotiations are still ongoing the continued decline of company's shares could jeopardize it.

Sharp has announced that they will be selling their manufacturing facility and predictions about the amount of loss for this year have been increased to nearly two billion U.S. dollars. In the commentary on the financial results for the last quarter, the company's representatives said they are working on cutting costs, and acquiring loans to continue operations.

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Read 2780 times Last modified on Tuesday, 06 November 2012 23:53

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