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Qualcomm, Intel May Rescue Sharp

Sharp has arranged a loan from two Japanese banks to keep it afloat through March 2014

Qualcomm and Intel are apparently considering rescuing Sharp and its LCDs from the gutter by investing upwards of $378 million in the joint, not enough money to salvage the place.

Japan's Kyodo News said Intel might be persuaded to invest $378 million-$500 million in the company. It could also be a joint investment though Intel appears to be less ra-ra about the idea than Qualcomm despite its Ultrabook touchscreen interests according to Reuters.

Sharp has arranged a loan from two Japanese banks to keep it afloat through March 2014.

The company is now producing one of the highest pixel density screens to date, a 5-inch screen with a resolution of 1,080 x 1,920 pixels, yielding a pixel density of 443 pixels an inch. The iPhone 5 has a pixel density of 326 pixels an inch.

Apple gets iPads and iPhones displays from Sharp.

Sharp could theoretically provide Intel Ultrabooks with its power-saving IGZO displays.

Sharp's TV business is in decline and it's carrying a $13.8 billion debt load.

Taiwan's Hon Hai has been talking to Sharp with no results although Sharp has lost 75% of its value this year.

Sharp agreed in March to sell a 9.9% position to Foxconn, a deal upset by a drastic fall in Sharp's value.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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