Latest in Igzo

Image credit:

Sharp may be close to receiving a $110 million boost from Samsung (update: deal final)

Share
Tweet
Share

Sponsored Links

Japan's Sharp has been struggling very publicly for some time now, and many reports indicate it's been looking outward for interested investors. While it already secured just such an arrangement with Qualcomm in December, rumors indicate attempts to reach a deal with Foxconn are in trouble and now Samsung is tabbed as a potential investor. Reuters and Japan's Nikkei cite sources indicating an official announcement could come sometime today regarding a 10 billion yen ($110 million) investment that would net the Korean electronics giant a three percent piece of Sharp. This deal would be mutually beneficial as Sharp gains a place to sell more of the LCDs it's capable of manufacturing, and Samsung cheaply expands its supply of panels, with a possibility of expanding their arrangement beyond LCDs in the future. We'll wait and see exactly what happens, but those IGZO screens Sharp is working on could be popping up in some unexpected places by the time it's all said and done.

Update: Sharp has just confirmed that Samsung is now indeed a 3.08 percent owner thanks to an investment of 10.4 billion yen ($112 million). It said the deal would "further strengthen the alliance (with Samsung Electronics) and continuously provide a long-term, stable and timely output of LCD panels for large-size TVs and small- and medium-size LCD panels for mobile devices such as notebook computers." For more info, see the PR after the break.

Sharp may be close to receiving a $110 million boost from Samsung update deal final

In this article: igzo, investment, lcd, samsung, sharp
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Accidental cross-play makes Star Wars 'Jedi Academy' a console bloodbath

Accidental cross-play makes Star Wars 'Jedi Academy' a console bloodbath

View
Samsung's display business will stop producing LCD screens this year

Samsung's display business will stop producing LCD screens this year

View
Apple MacBook Air review (2020): A return to form

Apple MacBook Air review (2020): A return to form

View
Apex's electric supercar includes an AR race coach and partial self-driving

Apex's electric supercar includes an AR race coach and partial self-driving

View
BMW will discontinue its iconic i8 hybrid sports car in April

BMW will discontinue its iconic i8 hybrid sports car in April

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr