TOKYO: Japan's Sharp Corp is in talks with US chipmaker Intel Corp on a capital alliance, a newspaper said, offering a lifeline to the troubled TV maker as discussions with Taiwan's Hon Hai Precision Industry Co Ltd stall.
The companies are in talks for Intel to invest more than 30bil yen (US$383mil or RM1.15bil) in Sharp, possibly making it Sharp's top shareholder, Japan's Mainichi newspaper reported on Friday, without citing sources.
They could reach a deal as early as next month, although Sharp will also continue its capital tie-up discussions with Hon Hai, the paper added.
Intel is attracted by Sharp's technology for small- and mid-size liquid crystal display (LCD) panels, the report said. - Reuters