Qualcomm Throws Sharp a $120 Million Lifeline
December 4, 2012 9:10 AM
comment(s) - last by
Deal will make Qualcomm the largest shareholder in Sharp
TV maker Sharp Corp has been having a very
of late with profitability declining significantly. It was announced today that Qualcomm is set to invest as much is $120 million in Sharp, which would make it the largest shareholder.
One portion of the agreement between the two companies is that Qualcomm's Pixtronix subsidiary will work with Sharp to develop new power efficient displays based on Sharp's IGZO technology.
"With this agreement Sharp will accelerate its strategy for growth in small to medium-sized LCDs," the Japanese company said.
reports that Qualcomm's initial investment will add up to about $59.91 million and will be made by the end of the year. The remainder of the investment is reportedly conditional on Sharp's ability to turn a profit in the second half of its fiscal year ending on March 31, 2013.
Sharp had previously been courting an investment from Hon Hai Precision Industry Co Limited, which would have made Hon Hai its biggest shareholder. However, talks between Sharp and Hon Hai fell apart as losses mounted for Sharp.
This article is over a month old, voting and posting comments is disabled
12/4/2012 11:13:15 AM
they use some (if any)portion of the money towards decreasing the price of 4k monitors to produce them relatively cheap enough for the end user. 4k for $1k USD, and I will buy one. BSN just posted an article citing a Sharp 3840x2160 monitor at $5K each.
RE: I hope
12/4/2012 2:08:41 PM
You might see that price in about 10-12 years, 7 years at the very least. It takes time to work out production techniques and make it cheaper to produce new stuff. Pixels that small will take time to reliably, cheaply produce. Right now, it costs them probably $6k to make that $5k monitor.
RE: I hope
12/5/2012 10:19:37 AM
It would cost them less than selling price. There is no need to be a loss leader in a market when you're selling to early adopters with big wallets.
"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard
Sharp: Dead in the Water?
November 5, 2012, 2:05 PM
5 Top Rated Printers for Home or Small Office
July 29, 2016, 10:44 PM
5 Excellent Cable Modems: Buy Your Own and Avoid Rental Fees
July 28, 2016, 8:44 PM
"Prepare to be Punished": Microsoft is Killing OneDrive With Cuts, Blames Users
November 3, 2015, 8:23 PM
Apple's New "Magic" Peripheral Line Packs High Tech, High Prices
October 13, 2015, 9:39 PM
Samsung Adds 2 TB 850 EVO, PRO SSDs for $800, $1000
July 7, 2015, 4:23 PM
Seagate Senior Researcher: Heat Can Kill Data on Stored SSDs
May 13, 2015, 2:49 PM
Most Popular Articles
Get Ready to wait in line – iPhone 7 due September.
August 18, 2016, 7:15 AM
Lenovo vs. Asus vs. HP - Best Laptop Under $500.00
August 19, 2016, 4:00 AM
Wearable Technology for Peanut Allergy Sufferers: By Monique Bethell Ph.D.
August 17, 2016, 6:40 AM
5 Healthy and Creative ways to add Fiber to your Diet By Monique C. Bethell, Ph.D.
August 18, 2016, 7:43 AM
Fuchsia – Google’s New Open Source Operating System
August 17, 2016, 6:30 AM
Latest Blog Posts
SolarCity’s Gigafactory: A Milesone in Emerging Technology by Lily Emamian - 15 August 2016
Aug 15, 2016, 6:30 AM
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information