Sharp could turn to tech giants to gain funding


Sharp could turn to tech giants to gain funding

Simon Quicke

Sharp could turn to other technology firms to gain investments that could improve its fortunes as it looks to reverse its losses.

The Tech firm is forecasting a second year of significant losses and has been given a kicking by rating agencies which have downgraded the firm's credit rating to junk status.

It has taken steps to get cash, selling off some of its TV production plants, but according to reports in the Wall Street Journal has now turned to Dell and Intel to attract investments.

The carrot for the likes of Intel and Dell is to be involved with Sharp's IGZO screen technology, which uses less power and as a result would help extend the battery life of mobiles and tablets.

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