November 16, the Tokyo Stock Exchange, the the Sharp company's troubled stock the morning session up 7.23 percent to about 79.5 yen per 163 yen ($ 1). Earlier reports said that Sharp may get a substantial capital injection of chip giant Intel.http://www.tungsten-molybdenum-sapphire.com/
Japan, "Asahi Shimbun" reported that Sharp and Intel will reach close to 30 billion to 40 billion yen capital injection agreement. Japan's Yomiuri Shimbun reported that Intel may buy Sharp's 30 billion yen in convertible bonds, Intel has teamed up with Sharp to develop digital products using Intel microprocessors.
The Yomiuri Shimbun said the two companies, the goal is to reach an agreement before the end of the month, the total capital injection may be less certain. According to the close of business on November 13, when Sharp market value of 168.8 billion yen and 30 billion yen investment might make Intel potential ownership share of more than 17%. Reported that Sharp Communications Group, Qualcomm and other U.S. companies also seeking investment.
Japan's Jiji news agency said, Sharp will get a total of 24 billion yen capital injection from Intel and Qualcomm. The report said, the Apple equipment production in China of Taiwan's Hon Hai Precision Industry Co., Ltd. is expected to inject shelved, Sharp Corporation will continue this partner negotiations.
Japan, "Asahi Shimbun" reported that Sharp and Intel will reach close to 30 billion to 40 billion yen capital injection agreement. Japan's Yomiuri Shimbun reported that Intel may buy Sharp's 30 billion yen in convertible bonds, Intel has teamed up with Sharp to develop digital products using Intel microprocessors.
The Yomiuri Shimbun said the two companies, the goal is to reach an agreement before the end of the month, the total capital injection may be less certain. According to the close of business on November 13, when Sharp market value of 168.8 billion yen and 30 billion yen investment might make Intel potential ownership share of more than 17%. Reported that Sharp Communications Group, Qualcomm and other U.S. companies also seeking investment.
Japan's Jiji news agency said, Sharp will get a total of 24 billion yen capital injection from Intel and Qualcomm. The report said, the Apple equipment production in China of Taiwan's Hon Hai Precision Industry Co., Ltd. is expected to inject shelved, Sharp Corporation will continue this partner negotiations.
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