Sharp will be bankrupt without assistance from Foxconn

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POSTER: computer news   ||   SHARP WILL BE BANKRUPT WITHOUT ASSISTANCE FROM FOXCONN	DATE:2013-01-09
Foxconn already owns one-third of the most advanced factories in the world - Sharp, producing LCD 10th generation.  For the fiscal year 2012 (March 2013), Sharp company expects losses of $ 5.6 billion, and  managed to further in October to take a loan in the amount of $ 4.4 billion !  .   At CES 2013 Sharp representative reiterated that their own company can not resolve the issue of repayment of short-term loans.  Some investments in Sharp has done Qualcomm, but still not enough.  There was a rumor that Intel company is investing in Sharp .  Last company supposedly interested in different Japanese screens for ultrabooks.  In a comment on the issue of investment by Intel : At the moment no negotiations are conducted." Interestingly, the Chinese media have interpreted the delay in negotiations between Foxconn and Sharp differently.  Regulatory authorities of the country demanded from Foxconn additional transaction documents, and they, in turn, waiting for them from the Japanese.  The conditions may take another 2-3 months.  According to the source, until the government gives its approval, no one can  purchase Sharp share .  Sharp company in three months will come close the fiscal year, this delay will almost certainly result in the bankruptcy.  But the Chinese have another argument. In the summer there was a series of anti-Japanese riots and subsequent performances of some industries.  The Chinese government has made it clear that Japanese goods in China are no longer welcome.  Local manufacturers have replaced or are ready to replace the majority of production .  Actually, Foxconn company  for such purposes has created proprietary research centers in Japan. In conclusion, a few words about cooperation of Qualcomm and Sharp. At CES Qualcomm Director  were asked about plans for a joint product of the two companies, but to Qualcomm chief was hard  to answer.  It was said only that the company is trying to improve the technology IMOD-screens mirasol, and find their rightful market application.    Related Products :

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