The Wall Street Journal is reporting that Japanese manufacturer Sharp is in serious talks with a number of US companies to try and save its finances. It plans to offer up stakes in the business in return for a “stable supply of breakthrough display technology”.
The Journal reports that Dell, in particular, has been a focus of Sharp’s advances, along with Intel and Qualcomm. In return for a hefty investment—somewhere in the region of $240 million—Sharp is promising these companies an inside track on future technologies. Presumably that means the latest version of its indium gallium zinc oxide—IGZO—displays.
https://gizmodo.com/sharps-32-inch-4k-igzo-display-is-more-exciting-than-a-5963847
Sharp’s clamoring for investment is an attempt to turn its balance sheet around. According to the Journal, Sharp is expecting a second straight year of record losses—so at this point it will take pretty desperate measures to stop itself hemorrhaging cash. [Wall Street journal]
Image by Steve Snodgrass under Creative Commons license
