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Sharp rumored to seek Apple investment

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By Phil Dzikiy

News Editor, iLounge
Published: Monday, November 5, 2012
News Categories: Apple

Japanese display manufacturer Sharp is looking for investments from other companies, with Japanese media reports linking the company to Apple and Intel, according to a report from IDG News Service. Known for some time to be struggling, Sharp announced that there is “material doubt” about its ability to keep operating. The company is looking to cut costs and secure enough credit to survive, while placing more emphasis on its IGZO technology for mobile displays going forward. Apple manufacturing partner Foxconn agreed to purchase an 11 percent stake in Sharp earlier this year. Also, Sharp is already an Apple component supplier, and there’s been speculation that Apple will use IGZO technology in future devices, lending more credence to a possible Apple investment. [via 9to5Mac]

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