News
 

Bookmark and Share

(0) 

Intel Corp., the world’s largest maker of microprocessors for personal computers, and Qualcomm, the globe’s biggest supplier of system-on-chips for mobile electronics, plan to jointly invest as much as $378 million into display maker Sharp Corp. to guarantee stable supply of high-quality screens for various devices.

Intel is particularly interested in high-quality, energy-efficient IGZO displays for ultrabook computers that are produced by Sharp. Qualcomm needs stable supply of advanced displays for devices like smartphones and media tablets from different makers to guarantee rapid expansion of the mobile gadget market and its own predictable revenue growth.

Sharp, which market capitalization has decreased by three times this year, is expected to lose ¥450 billion ($5.7 billion) this fiscal year, which means it badly needs money to survive. As a result, the two chip companies are in talks to invest around ¥30 billion ($378 million) into Sharp, reports Reuters news-agency. Sharp received a guarantee for ¥360 billion in loans from its two main lenders, Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank, in September. The loans are enough to sustain the company through its next financial year to March 2014.

Earlier this year Foxconn acquired a stake in Sharp and gained partial control of one of the world's leading LCD manufacturing facilities. As a result, Foxconn secured supply of liquid crystal displays used in mobile phones, personal computers, tablets, TVs and other popular devices. Thus, the company now needs to further expand production capacities to build even more devices for companies like Apple and others that use Foxconn's services.

Tags: Intel, Qualcomm, Sharp, Foxconn, Hon Hai, Business

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month