Intel, Qualcomm Together Investing $378 Million In Troubled Sharp

Posted on Nov 14 2012 - 6:03am by Editorial Staff

Sharp Corporation Sharp Starts Production Of 5 inch Full HD LCD Panels For Smartphones, Claiming To Have Highest Pixel Density Among The World

The troubled Japanese company Sharp seems like finally saw another ray of light after recent fall on its credit rating crash to ‘junk’ status, the tech giants Intel and Qualcomm were reported to be ready to jointly invest 30 billion yen (circa $378 million). Reuters reported on this that Sharp will reveal the deal for investment from Qualcomm by the end of November. Sooner, the news come into the market, and Sharp’s share price rose by up to 10 percent in trading last day. Although the company is seeing a staggering time with cutting of 10,000 total jobs with sales of its Malaysian plant.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.