According to a sales note by MF Global FXA Securities released on Wednesday, Sharp may get an infusion of about a billion US dollars from Apple for its LCD manufacturing plant in Kameyama.
Apple routinely uses its massive cash reserves to shore up supplies of critical components from manufacturers in China, and is considering the investment in order to secure a stable supply of LCD panels for its iPads and iPhones. According to local media reports, Sharp is expecting an investment of 300 million yen ($1.3 billion) from the Cupertino company. That’s a lot of iPad screens.
Reports last week indicated thatApple was considering switching from LG to Samsungfor the supply of iPad 2 screens owing to quality issues; perhaps Sharp has trumped Samsung in contention for Apple’s business. Or maybe Apple is looking at Sharp to supply the panelsfor the upcoming iPhone 5, or even the next iPad, whenever that arrives.
Story byAayush Arya
Aayush is the India Editor & Apps Co-Editor at The Next Web. When not writing, he enjoys spending his time bungling about on Twitter or(show all)Aayush is the India Editor & Apps Co-Editor at The Next Web. When not writing, he enjoys spending his time bungling about onTwitterorGoogle+, and answeringemail.
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