Japanese consumer electronics company Sharp is reportedly in talks with chip manufacturers Intel and Qualcomm to receive a joint investment of 30 billion yen (US$378 million).
According to Reuters Wednesday, the three parties are locked in talks about the fund injection but details of the negotiations are unknown, two unnamed sources revealed.
Sharp may reach an agreement as early as the end of November with Qualcomm, one of the sources added. The talks with Intel are less firm due to the, it added.
A Sharp spokesperson told Reuters no decisions have been made about accepting investments from other companies. Meanwhile, both Qualcomm and Intel spokespeople told ZDNet Asia it will not comment on rumors or speculation.
For months, Osaka-based Sharp has also, who is considering becoming the ailing Japanese company's biggest shareholder, as a potential benefactor to rescue the business.
Sharp had registered a US$1.1 billion restructuring charge for the second quarter ending Sep. 30, 2012.earlier this month, after the company
It also issued a statement saying the performance "" about the company's ability to continue operations despite cutting pay, laying off staff and .