CNETAnalysis: Two chip making rivals are reportedly considering a joint investment worth $378 million (UK£238, AUD$363) into struggling consumer electronics company Sharp, according to a new report. Citing two sources familiar with the situation, Reuters revealed the potential revival deal between Intel and Qualcomm Wednesday. Sharp displays are found in iPads and iPhones and the company appears anxious to tap into the small screen and high-end laptop market as a way to resurrect its fortunes. Intel is apparently interested in Sharp’s energy-efficient IGZO displays as it looks to profit in the growing Ultrabook scene. A deal between Sharp and Qualcomm may come as soon as the end of November, one of Reuters’ sources said. Details of an Intel deal are less firm as the chipmaker has its own murky financials to contend with. Sharp’s struggles Sharp’s situation is no secret – various reports have it cutting its workforce by almost 11,000 in two years, selling off assets and contending with $13.8 billion (UK£8.71, AUD$13.2) in debt. Over the course of 2012, Sharp has seen three-quarters of its value whither away. It’ total lose for the year could reach $5.7 billion (UK£3.59, AUD$5.4), including a $1.1 billion (UK£6.94m, AUD$1.05) restructuring charge. The firm also reportedly struggled to meet screen supply demands for the popular iPhone 5 , though it later denied those claims. An investment by Intel or Qualcomm, or both, could lay out an entirely new future for Sharp, one that steers it completely away from TV land and wholly towards mobile technology. Posted by: Maryum
CNews Karachi. July 05: A Pakistani Scientist in Britain has invented a new chemical for processing plastic (polythene) bags which has the quality of dissolution after its use in 105 days.A manufacturing unit for these plastic bags was being set up in Turkey while interest has been shown in the setting up of a big unit and manufacturing firm’s head quarter in Karachi which will be used to supply such dissolvable polythene bags to Asian countries. The Director of UK based firm Bio Plast Biodegradable Plastics GL Punn while leading a 15 member delegation called on EDO Municipal Services City Government Masood Alam. The Executive Director of Bio Plast Pakistan Muhammad Hanif Awan and M. Sultan Mehmood Awan was also present on this occasion. The Director of Bio Plast informed the EDO Municipal Services about the characteristics of new chemical. He said that the firm was going to set up its first plant in Turkey which will be operative in next two months. The delegation also praised the vi