Apple and Intel are among the companies Sharp is considering taking investments from in order to survive, according to Japanese reports cited by IDG. Even as a market leader, Sharp has been suffering financially, and during a recent earnings report stated that there was “material doubt” about its ability to keep operating. Foxconn earlier agreed to buy an 11 percent stake, but IDG says that talks are still ongoing, and could be at risk as Sharp’s stock price continues dropping.
Publicly Sharp is claiming that it thinks it can cut costs and secure enough credit in order to keep going. The company may also be depending on display sales; it’s currently providing parts for the iPhone 5, and has drawn a lot of interest for its IGZO technology, allegedly including Apple.
IGZO is a new standard end used such as Apple may be waiting for panels to appear in large enough quantities before committing to the format.
