Andre Yoskowitz
24 Jun 2013 23:04
Major chipmaker Qualcomm has completed its investment in the struggling display maker Sharp.
The company announced it would be investing up to $120 million last December, but the second part of its investment was delayed when Sharp failed to meet certain conditions.
Now with all $120 million invested, Qualcomm is a 3.53% shareholder, one of the largest in the company.
Into the future, Qualcomm will be teaming up with Sharp for high-res IGZO displays mixed with Qualcomm MEM display products for smartphones and tablets.