Monday, February 08, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Has A Gear VR Competitor In The Works: report
Sony Xperia Z5 and Xperia Z5 Compact Are Now Shipping In The U.S.
Following Outcry, Twitter's Dorsey Says Live Tweets Are Here To Stay
Samsung Files Patent For A Vein-authentication System On A Smartwatch
BlackBerry Cuts 200 Jobs To Trim Costs
Taiwan Earthquake Temporarily Suspended TSMC's And UMC's Production
Samsung Loses Memory-Chip patent Trial Against Nvidia
Twitter Suspends Accounts To Combat Extremism
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
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
 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 Close To Get Under Foxconn's Wings Following Friday Meeting
Sharp Chooses Hon Hai's Offer: reports
Sharp Touch-Panel System Receives ISSCC Award
Hon Hai Chairman Believes Sharp Will Agree With Take Over Offer
Foxconn Reportedly Ups Offer For Sharp
Qualcomm Faces Slow Demand For Smartphone Chips
Sharp Closer To INCJ's Rescue Plan Over Foxconn Offer
Japanese State Fund Fights With Hon Hai Over Sharp
Qualcomm and Guizhou Province Form Joint Venture to Design Server Chipsets in China
Qualcomm and TDK Form Joint Venture to Provide RF Front-End Solutions for Mobiles
Qualcomm Brings Smartphone Power To Cars
Sharp's AQUOS Legacy Continues at CES 2016

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 .