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
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.
"Mac OS X is like living in a farmhouse in the country with no locks, and Windows is living in a house with bars on the windows in the bad part of town." -- Charlie Miller
Sharp: Dead in the Water?
November 5, 2012, 2:05 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
How to Recover Most Apps After Your NVIDIA Driver Crashes in Windows 10
March 30, 2015, 12:54 PM
Tinkerer Gets Old School Mac Plus Running on the Modern Web
March 24, 2015, 6:41 PM
Most Popular Articles
Free Windows 10 offer ends July 29th, 2016: 10 Reasons to Upgrade Immediately
July 22, 2016, 9:19 PM
Smart Security Cameras: 5 Good Choices For Any Budget
July 25, 2016, 7:13 PM
Top 5 Smart Watches
July 21, 2016, 11:48 PM
2017 Porsche Panamera: I’ll Take Three of These.
July 24, 2016, 6:44 PM
Latest Blog Posts
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
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information