Samsung Invests 10.4 Billion Yen into LCD Manufacturer Sharp
Samsung has announced that it will be investing the equivalent of $111.5 million into display manufacturer Sharp, giving Samsung a 3% stake in the company. This investment will provide Samsung with a stable supply of LCD panels for use in its TVs. Sharp will invest $73.7 million of the investment into developing new LCD technology, as well as a further $34.5 million into other areas of its business over the next two years.
Samsung is not the only large company who has recently invested into Sharp. Qualcomm also agreed to invest up to $120 million into Sharp to fund development of next-generation MEMS (Microelectromechanical System) displays in December last year. Apple is also have said to have invested over $2 billion into Sharp after it ran into financial difficulty during the last quarter. The deals that have been struck with the company may be enough to keep the display manufacturer in business despite the current economic market and stiff competition from its Chinese and Korean rivals.
Source: Tom's Hardware