Friday, October 11, 2013

Qualcomm finishes $120 million investment in Sharp, becomes third-largest investor

Qualcomm finishes $120 million investment in Sharp, becomes third-largest investor data = {blogUrl: "",v: 315};when = {jquery: lab.scriptBs("jquery"),plugins: lab.scriptBs("plugins"),eng: lab.scriptBs("eng")}; var s265prop9 = ('20632362' !== '') ? 'bsd:20632362' : ''; var postID = '20632362'; var modalMNo = '93319229', modalVideoMNo = '93320648', modalGalleryMNo = '93304207'; when.eng("eng.omni.init", {pfxID:"weg",pageName:document.title,server:"",channel:"us.engadget", s_account: "aolwbengadget,aolsvc", short_url: "",pageType:"",linkInternalFilters:"javascript:,",prop1:"article",prop2:"displays",prop9:s265prop9,prop12:document.location,prop17:"",prop18:"",prop19:"",prop20:"", prop22:"mat-smith", prop54:"blogsmith",mmxgo: true }); adSendTerms('1')adSetMOAT('1');adSetAdURL('/_uac/adpagem.html');lab._script("").wait(function(){var floatingAd = new AdhesiveAd("348-14-15-14d",{hideOnSwipe:true});}); onBreak({980: function () { adSetType("F");htmlAdWH("93319229", "LB", "LB"); adSetType("");}}); EngadgetMenu NewsReviews Features Galleries VideosEventsPodcasts Engadget ShowTopics Buyers Guides Sagas Store HD Mobile Alt Announcements Cameras Cellphones Desktops Displays Gaming GPS Handhelds Home Entertainment Household Internet Laptops Meta Misc Networking Peripherals Podcasts Robots Portable Audio/Video Science Software Storage Tablets Transportation Wearables Wireless Acer Amazon AMD Apple ASUS AT&T Blackberry Canon Dell Facebook Google HP HTC Intel Lenovo LG Microsoft Nikon Nintendo Nokia NVIDIA Samsung Sony Sprint T-Mobile Verizon About UsSubscribeLike Engadget@engadgettip uswhen.eng("eng.nav.init")when.eng("") onBreak({980: function () {htmlAdWH("93308280", "215", "35",'AJAX','ajaxsponsor');}});Qualcomm finishes $120 million investment in Sharp, becomes third-largest investorBypostedJun 24th, 2013 at 7:28 AM 0

Chipmaker Qualcomm has finalized its investment in beleaguered display manufacturer Sharp. Announced back in December 2012 and totaling $120 million, the second portion of the investment was delayed earlier this year when Sharp failed to satisfy conditions for the investment. Sharp's now confirmed the transaction, which gives Qualcomm a 3.53 percent share of the display maker, and will presumably increase its involvement on new screen tech being developed between the two companies. The combination of Qualcomm's MEMs display products and Sharp's high-resolution IGZO screens will apparently make its way into a number of devices in varying sizes. Qualcomm isn't the only company with a vested interest in Sharp's recovery, either -- Samsung also holds a 3 percent stake.



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