Monday, September 26, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HERE To Offer Live Traffic Services Based On Data Gathered by Other Cars
JDI Develops 12.3-inch Curved LCD for Automotive Applications
Snapchat Introduces 'Spectacles' Camera-equipped Glasses, Changes Company name To Snap
Nvidia GPUs Could Return To Apple Macs
Lenovo Brings Fingerprint Authenticated Payments To Laptops
Report Cites Google, Salesforce Interest For Twitter
Dalian Wanda and Sony Enters Team Up in China Movie Business
Apple Develops Amazon Echo-Style Device
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
Qualcomm Announces Connectivity and Reference Platform Solutions for Home Entertainment Experiences
Qualcomm Releases VR Headset Reference Design
Foxconn Completes Sharp Acquisition
Qualcomm Faces Record Fine In South Korea
Snapdragon 821 In Qualcomm's Fastest Mobile Processor
Qualcomm Files Additional Complaints in China Against Meizu
Qualcomm Snapdragon 600 and 800 Procesors To Support Google Tango Augmented Reality Technology
Qualcomm Announces 5G NR sub-6 GHz System and Trial Platform
Qualcomm Files Complaint Against Meizu
Computex: Qualcomm Debuts The Snapdragon Wear 1100 Processor for Wearables
Foxconn's Wu Becomes Sharp's New President
Qualcomm To Make Mobiles Smarter With New Snapdragon Machine Learning SDK

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .