Sharp Finally Receives $120 Million Investment From Qualcomm

Posted on Jun 24 2013 - 12:25pm by Editorial Staff


As expected, Sharp today confirmed that it finally received its final instalment of Qualcomm’s $120 million investment in the company. The deal which was announced first back in December 2012, with first instalment being made in December itself – within four weeks of agreement and now the second instalment, finally after the delay reached to Sharp.

The deal between the duo was more than just a deal with two companies are working on to combine Qualcomm’s MEMs display technology with Sharp’s IGZO technology which in turn will develop a range of new screens for devices with different sizes and types. Sharp says that from the money it received, it will on general costs and acquiring equipment to develop product lines, production facilities and making other preparations.

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