TOKYO (Reuters)-Japan’s cash-
Strapped Sharp Corp is negotiating a LCD display for ultra-ultra
People familiar with the matter said that thin laptops usually use processors made by Intel.
Intel is promoting ultra-
A thin laptop, known as ultrabook, used against Apple's tablet.
Earlier this year, the United StatesS.
Chip makers have signed agreements with several panel manufacturers to ensure adequate supply for a wave of Ultrabook, and it is expected that touch screens will enter the market after Microsoft launches Windows 8 in October.
Sharp's TV business is retreating in hopes of reviving its wealth with small displays.
Sharp sees the new generation of Ultrabook as a new market for Apple's state-of-the-art displays, rather than Nestlé getting deeper into Apple's supply chain.
Sources said Intel was attracted by Sharp's technology for small and medium-sized LCD panels and declined to be identified before the official announcement.
A pearl in Sharp's technology portfolio is the IGZO display.
It consumes less power and is thinner than the traditional LCD display because it requires less backlight and has a high
The touch screen is very sensitive and very high definition.
Sharp Chief Financial Officer Xiao Shi zhexiong said this month that all these advantages make it very suitable for the ultrabook of using Microsoft's latest operating system.
Critics say super books can be too expensive for many consumers, a big bet for Intel to revive the PC industry, an industry that has grown as consumers have a growing appetite for tablets and smartphones
A source close to Intel said that since panel supply is an important priority for Intel at present, the deal with Sharp will be in line with the previous agreement reached by top chip manufacturers to strengthen the supply chain.
In July, Intel said it would spend more than $4 billion to buy up to 15% of Dutch chip devices.
Manufacturer ASML and fund its expensive next study
Manufacturing Technology. CASH-
Local media reports say the Japanese monitor maker is in talks to make Intel its biggest shareholder.
The focus of the negotiations is on building a business alliance, although they do not rule out the possibility that Intel will acquire a sharp stake in the future, the source said.
Sharp is in talks to sell the shares to other Apple supplier Hon Hai Precision Industries, which denies the Daily News report.
Sharp is working on a restructuring plan to get financial support from lenders who want to get more than 30 billion yen ($383 million)
Reports from Intel.
A spokesman for Intel declined to comment on the report.
The Japanese company said last week it would sell a 9.
Hon Hai's 9% stake stalled as the Taiwanese company sought a say from Sharp's management in exchange for the investment.
Hon Hai Chairman Gou Taiming did not talk about plans to invest in Sharp at a media briefing in Taipei on Friday on the Taiwan company's 4g business plan.
He also declined to ask questions about the deal.
Short more than 360 billion yen
Sharp needs cash for loans due to commercial bills.
At present, manufacturers of Aquos TV rely on funds from Mizuho Financial Group, its main bank, and Mitsubishi UFJ Financial Group.
According to sources, Sharp is expected to complete the revival plan submitted to the bank in a few days, and the bank will decide to provide an additional loan of about 200 billion yen.
The plan includes selling its U. S. market. S.
They said the solar unit was a renewable source of energy purchased in 2010.
Sharp expects a net annual loss of 250 billion yen as of March 31, compared with a net loss of 376 billion yen in the previous fiscal year.
Sharp shares rose 5% to 212 yen on Friday.
Intel shares fell 0.
$ 1%, $23. 15 on Nasdaq. ($1 = 78.
2450 yen)