Showing posts with label investor. Show all posts
Showing posts with label investor. Show all posts

Friday, October 11, 2013

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

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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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Saturday, July 20, 2013

Lenovo investor statement fuels NEC smartphone partnership rumors

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Lenovo in rumored talks with NEC over smartphone venture

NEC and Lenovo are already joined at the hip in the PC business, and rumors that the two will soon be smartphone partners as well continue to gather steam. Lenovo confirmed that it's started "preliminary negotiations with a party in connection with a potential joint venture transaction," and while it didn't name names, Japanese media sources and Reuters are claiming that it's NEC. Lenovo's the number two three smartphone vendor in China but doesn't have much of a presence elsewhere, and NEC, while a leader in Japanese handset sales, is still in a "difficult state," according to the company. Lenovo has the cash it needs and hasn't been shy about plans to expand its mobile business, so a relationship with NEC would make sense, if true -- and could help Lenovo realize those ambitions more quickly.

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