Qualcomm invests in Sharp, takes minority stake
Qualcomm today announced that it has expanded an agreement between a subsidiary and Sharp, and taken an equity stake in the ailing electronics maker.
According to Qualcomm, the company’s subsidiary Pixtronix and Sharp already have a display technology agreement between them, but this new deal extends that partnership. The agreement centers on displays using Sharp’s IGZO technology, which is widely considered one of the best options in the marketplace.
As part of the agreement, Qualcomm has dropped some cash in Sharp, earning it a minority stake in the company.
Sharp saw its sales drop 16…
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