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5 years ago
Sharp shares jump 10 percent on report of Intel, Qualcomm investment
November 14, 2012 / 12:16 AM / 5 years ago

Sharp shares jump 10 percent on report of Intel, Qualcomm investment

TOKYO (Reuters) - Shares of Sharp Corp (6753.T) jumped 10 percent on Wednesday after Jiji news agency said Intel Corp (INTC.O) and Qualcomm Inc (QCOM.O) are in talks to jointly invest up to 24 billion yen ($302 million) in the struggling Japanese firm.

Other media reports, also based on anonymous sources, said Intel was in final talks to invest between 30 billion yen and 40 billion yen in Sharp.

Reporting by Dominic Lau; Editing by Chris Gallagher

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