Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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