Thursday, August 27, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Says Improving Quality Isn't Anti-competitive
Apple To Announce New iPhones In Sept.9 Event
AMD Radeon R9 Nano Graphics Card Shipping September 10th
ASUS Announces TUF Sabertooth Z170 Mark 1 Motherboard
New Camera-Lens Optical Element Enables Extremely High Levels of Chromatic Aberration Correction
LG Develops Full-Size Keyboard For Pockets
Facebook Is Testing Digital Assistant For Messenger
YouTube Gaming Site Launched
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Qualcom...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, December 04, 2012
Qualcomm to Invest $120 Million in Sharp


Qualcomm will invest $120 million in Sharp, a cash injection likely to make it the struggling Japanese TV maker's biggest shareholder, and to boost Sharp's efforts to remain viable.

Sharp today confirmed earlier reports that it has reached an agreement with Pixtronix Inc., a subsidiary of Qualcomm, concerning the development of Pixtronix's Micro Electro Mechanical Systems (MEMS) displays. In addition, Sharp signed the capital alliance agreement and will issue new shares by a third party allotment with Qualcomm Incorporated.

MEMS display to be developed jointly by the two companies is a display using ultrafine process technology and existing display manufacturing infrastructure with features including high color reproducibility and low-power consumption. The development for commercialization of MEMS display will be achieved by integrating Sharp's core display technology, IGZO and MEMS display technology of Pixtronix.

In addition, Sharp is planning to accept up to 9.9 billion yen from Qualcomm in equity investment to pursue this joint development. This capital will be used for the development of MEMS display and necessary capital investments related thereto targeting for the achievement of the technology for commercialization.

With this agreement, the two companies will consider the possibility of further collaboration of chipsets by Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated and IGZO-based display technology for lower power consumption and higher performance of mobile terminals.

Qualcomm will make an initial investment of 4.93 billion yen ($59.91 million) by the end of the year in a private placement of stock at 164 yen per share, 10 yen less than Tuesday's closing price. That will give the U.S. company a 2.64 percent stake after dilution.

The timing and amount of the remaining investment has yet to be decided and will be conditional on Sharp returning to profit in the second half of the business year ending March 31.

Sharp had been expected to make Hon Hai Precision Industry Co Ltd its biggest shareholder, adding to an earlier agreement to sell the Taiwanese company a stake in its advanced television LCD panel plant in Sakai, western Japan. That agreement, however, unraveled as losses mounted at Sharp.


Previous
Next
Apple Launches iTunes Store More Countries        All News        Marvell Introduces 802.11ac 4x4 Wireless Chipset
Apple Launches iTunes Store More Countries     General Computing News      Marvell Introduces 802.11ac 4x4 Wireless Chipset

Get RSS feed Easy Print E-Mail this Message

Related News
Sharp In Talks With Hon Hai On tie-up: report
Qualcomm Says Next-Generation GPU Architecture and Image Signal Processor Will Bring Better Graphics To Your Smartphone
Sharp to Exit Americas TV Market
Qualcomm Enables Wireless Charging for Mobile Devices with Metal Cases
Qualcomm To Cut Workforce
Europe Opens Investigations Against Qualcomm
Sharp Plans to Release Transparent LCDs
Sharp Begins Mass-Production of In-Cell Type Touch Displays for Smartphones
Sharp Releases 4K Android TVs
Computex: Qualcomm Expands 802.11ac MU-MIMO Product Portfolio for Wi-Fi Access Points and Routers
Daimler and Qualcomm To Collborate On Connected Car Technologies
Sharp's AQUOS 4K NEXT TVs Add Subpixel To Boost Resolution To 8K

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .