Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > Samsung pays $112M to Sharp for improved LCD relationship

Samsung pays $112M to Sharp for improved LCD relationship
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Mar 6, 2013, 07:02 AM
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.
( Last edited by NewsPoster; Mar 6, 2013 at 08:39 AM. )
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Privacy Policy
All times are GMT -4. The time now is 12:02 AM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2