Sharp bail-out by Intel and Qualcomm?

Sharp is in discussions with Intel and chip-maker Qualcomm Inc. The US technology firms could jointly invest ¥30 billion (£233 million) in the firm. Sharp’s shares jumped by 11% on the news but brokers believe this uplift will be short-lived because of the company’s $13.8 billion (£8.7bn) debt and intense competition from rivals such as Samsung and LG. Sharp has already received substantial loans from two Japanese banks, which are expected to keep it afloat until March 2014.