Qualcomm Make First-Half Investment Of Total $120 Million In Sharp

Posted on Dec 28 2012 - 1:19am by Editorial Staff
Qualcomm

Qualcomm

We reported earlier that Qualcomm agreed on to invest $120 million in the troubled Japanese electronics company Sharp. Today, moving to the step further, Sharp confirmed that half of the deal completed with Qualcomm putting in initial $60 million into the Sharp and will result now seeing both the companies working together on MEMS display technology.

Qualcomm so far has received 30.12 million shares at a price of 164 yen per share value, giving the US firm an initial 2.64 percent stake. The Qualcomm’s subsidiary Pixtronix is the one which is combining its MEMs display technology with Sharp’s IGZO technology which will result in developing a range of new products for devices alongside considering the low power MEMs/IGZO technology.

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