Denso Said to Be Considering 2 Billion Yen Investment in Sharp
Denso is interested in Sharp’s safety-related technologies and may make a decision in the next month or two, the person said, asking not to be identified because the plans are private. Representatives at Denso and Sharp declined to comment beyond saying nothing has been decided.
Sharp is searching for investors to replenish capital after dwindling demand for televisions led the company to two straight years of record losses. Denso, Lixil Group Corp. (5938) and Makita Corp. (6586) are among potential investors, the Nikkei newspaper reported last week.
Denso was among a group of companies -- including Toyota and Nissan Motor Co. -- that bailed out automotive-chip maker Renesas Electronics Corp. (6723) for $1.8 billion last year. Denso’s portion was 1 billion yen.
To contact the reporter on this story: Ma Jie in Tokyo at email@example.com
To contact the editor responsible for this story: Young-Sam Cho at firstname.lastname@example.org