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Sharp luring investors with higher display allocations

Posted on Thursday, November 29 2012 @ 12:04:07 CET by

Sharp logo
WSJ reports Sharp is courting tech firms for investments by trading displays for dollars. In order to meet its pledge to become profitable by 2014, the Japanese display maker has approached several firms like Dell, Intel and Qualcomm to receive investments in exchange for easy access to Sharp displays.
So far, all four companies have declined to comment, but investors would reportedly score easy access to Sharp displays, a deal that could be a boon for Dell's hardware division. The display outfit had originally hoped to bolster its bottom line by selling a capital stake to Hon Hai, but the deal fizzled in August. No official numbers have been announced, but the WSJ is being told that Sharp is hoping to take in ¥20 billion (about $240 million) from both Dell and Intel, and is negotiating a more meager investment with Qualcomm.
Source: Engadget



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