Sharp laid factory producing displays for iPhone 5

The Japanese company Sharp has laid almost all of its offices and plants, including the factory, which produces displays for the iPhone 5. Manufacturer was forced to take this step to get the loans needed to continue its activities.

In anticipation of bailouts by the contract provider Apple, the company Foxconn, Sharp laid the property to get a loan of $ 1.92 billion Lenders were Mizuho Financial Group and Mitsubishi UFJ Financial Group.

According to Reuters, which quoted the representative Sharp, the company has laid the "almost all of its business objects."

Loan to the two largest creditors, will enable it to pay short-term obligations on the securities. Condition for the bail money was to cover the loss if Sharp will default.

With headquarters in Osaka and Tokyo office, Sarp company owns 11 factories in Japan, where available TVs, displays, solar cells, and household appliances. Among them - the plant in Kameyama in the west. This factory has recently started shipping displays for the sixth-generation Apple smartphone, which debuts Sept. 12.

Sharp is one of three suppliers of LCD panels for the iPhone 5. Also engaged in manufacturing of screens Japan Display and LG Display.