Printed from http://www.electronista.com

Samsung pays $112M to Sharp for improved LCD relationship

updated 06:57 am EST, Wed March 6, 2013

Deal sees Samsung own over 3-percent of Sharp

Sharp has received an investment of 10.4 billion yen ($112 million) from Samsung, in exchange for shares. The deal, confirmed through Sharp in a statement, sees Samsung taking ownership of newly-issued shares from the company, giving it the equivalent of 3.08-percent of the overall shareholder voting rights.

The agreement will allow the two companies to build a "mutual trust relationship" in the field of LCD screens, as well as helping provide Sharp with more capital. Though already supplying LCD panels to Samsung, the deal would allow Sharp to be a more-stable supplier for the long term, and in turn would likely be a source of cheap components for Samsung's larger TVs, notebook computers, and mobile devices.

The deal is remarkably similar to one Sharp made with Qualcomm last year, where 9.9 billion yen ($120 million at the time) was exchanged for a stake in Sharp. The two companies would also work together on Sharp's IGZO-based display technology in small and medium-sized LCD panels.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News