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November 14, 2012

Intel, Qualcomm could invest $378m in Sharp

Sharp is expected to sign an agreement by the end of November with Qualcomm

By CBR Staff Writer

US based Intel and Qualcomm considering joint investment of about JPY30bn ($369m) in the struggling Japanese electronics firm Sharp.

Sharp is expected to sign an agreement by the end of November with Qualcomm, according a source cited by Reuters.

The firm has also received a loan guarantee of JPY$360bn from two Japanese banks including Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank, in September that would allow it to sustain through March 2014.

Sharp’s most valuable assets include low-temperature polysilicon (LTPS) and IGZO display technologies that enable lean smartphone and tablet designs with high resolution screens.

During early November, the Osaka-based firm had doubled its net loss forecast to JPY450bn ($5.7bn) following a $1.1bn restructuring charge in July-September period.

The firm is also planning to shift towards small displays to restore its position and observes the new generation of top-end laptops as a fresh market.

Intel is supporting ultrabooks as counter to tablet computers from Apple and during early 2012, it inked deals with several panel makers to assure adequate supplies for a wave of ultrabooks with touch screens powered by Microsoft’s Windows 8.

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