Qualcomm completes their large investment in Sharp

Qualcomm completes their large investment in Sharp
Major chipmaker Qualcomm has completed its investment in the struggling display maker Sharp.

The company announced it would be investing up to $120 million last December, but the second part of its investment was delayed when Sharp failed to meet certain conditions.



Now with all $120 million invested, Qualcomm is a 3.53% shareholder, one of the largest in the company.

Into the future, Qualcomm will be teaming up with Sharp for high-res IGZO displays mixed with Qualcomm MEM display products for smartphones and tablets.

Written by: Andre Yoskowitz @ 24 Jun 2013 23:04
Tags
Sharp Qualcomm
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