Sharp receives US$120m investment from Qualcomm

4 Dec 2012 0 Shares

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestShare on RedditEmail this to someone

Electronics firm Sharp has received a US$120m investment from Qualcomm in a move that will help bolster its battered balance sheet. It is understood that Dell and Intel were also considering investing in the Japanese display giant.

Under the deal, Sharp will issue new shares to Qualcomm and will form a partnership with Qualcomm subsidiary Pixtronix to develop MEMS displays using Sharp’s exclusive Indium Gallium Zinc Oxide (IGZO) technology.

IGZO doesn’t consume as much power as most LCD displays, makes touchscreens more accurate and sensitive and increases the number of pixels per inch for sharper resolution.

The investment will make Qualcomm a minority shareholder of Sharp.

In recent weeks it emerged that Qualcomm, Intel and Dell were all circling Sharp with a view to investing in the company, which like most consumer electronics manufacturers, is struggling.

The IGZO technology is considered to be Sharp’s secret weapon and developing MEMs with the company will afford considerable advantages to Qualcomm.

You May Also Like

You May Also Like

Work at Intel

  • Intel-Mike-Brennan

    Cutting-edge research and design are at the heart of Intel Ireland. Join us to create the technology of tomorrow

                  Our-Jobs       Our-Stories

SUBSCRIBE TO OUR E-ZINE

  • Simply pop in your email to get a Monday morning email with all the must-read content from Siliconrepublic.com

More from Business

Latest News