Sharp requested financial assistance from Intel
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POSTER: computer news || SHARP REQUESTED FINANCIAL ASSISTANCE FROM INTEL |
DATE:2012-11-14 |
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The fate of Sharp Corporation is questionable, since the transaction with Foxconn did not find a final agreement. Sharp began talks with Intel about getting an investment of $ 500 million. The losses of Sharp in this year is expected to reach $ 5.6 billion on this background Intel infusion of $ 500 million will not help . As experts explain, for Sharp such rumor are a way to influence Foxconn, motivating the Chinese to make a deal on more favorable conditions for Sharp. It is possible that some split between Foxconn and Sharp was due to territorial tensions between Japan and China. Foxconn though has impressive manufacturing facilities in mainland China. Currently, Sharp is trying to switch from unprofitable production of large-format LCD panels to produce more popular displays for tablets and smartphones using IGZO technology. The factory in Sakai, producing panels for TVs, is already half-owned by Foxconn. | ||
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SHARP REQUESTED FINANCIAL ASSISTANCE FROM INTEL |
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Sharp requested financial assistance from Intel (2012-11-14)
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