Friday, March 27, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New HEVC Patent Pool Launched
Micron and Intel Unveil New 3D NAND Flash Memory
Amazon Cloud Drive Now Offers Unlimited Storage
Twitter Launches Periscope Live Video Streaming App
3DMark Adds API Overhead Feature-set
New HTC One M9 Goes On Sale Today
Apple Rumored To Release New iPhones Later This Year
DVDFab Loses Legal Battle Against AACS LA
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 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
Hon Hai May Invest In Sharp
Sharp to Cut Significant Workforce In Japan: reports
Qualcomm To Release New Snapdragon Development Board With Wireless Capabilities
Sharp Will Not Appeal IGZO Court Decision
Sharp To Seek For A Second Bailout: Nikkei
Qualcomm Previews The Next-Generation of Snapdragon Processor At MWC 2015
Qualcomm Extends LTE to Unlicensed Spectrum to Enhance Mobile Experiences
Sharp Develops New Touch-Panel Handwriting Input System
New Qualcomm Snapdragon 600 and 400 Tier Processors Bring High-end Features To Mid-range Smartphones
Chinese Antirust Authorities Fined Qualcomm
Sharp Launches Professional Grade 4K Ultra HD Display
Sharp Reports Net Loss

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 .