Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 04 December 2012 11:53

Qualcomm becomes Sharp's biggest shareholder

Written by Nick Farrell

Will spend $121.5 million


Chipmaker Qualcomm is likely to spend $121.5 million in a move that would give the struggling Japanese TV maker the cash it needs to survive.

The two technology firms will jointly develop a new generation of power-saving IGZO displays, newspaper sources claim. At yesterday's closing price that would give Qualcomm a five percent stake. Sharp has lost three quarters of its value since the start of the year.

The deal is expected to be announced within the next few days. Sharp had been expected to make Hon Hai Precision Industry 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, fell to bits as losses and mounting debt threatened to put Sharp out of business, forcing it to seek a $4.4 billion bank bailout. Hon Hai might still buy some of Sharp's overseas TV assembly plants. Hon Hai still wants to buy three factories in China, Malaysia and Mexico for $667 million.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments