News

Qualcomm to invest $121 Million in Sharp

Looking at the potential of IGZO technology, Sharp and Qualcomm have set a deal which will greatly help the Japanese TV manufacturing company. Once the project progresses, Qualcomm plans to invest $60 Million more.

Qualcomm is a semi conductor manufacturing company. Sharp is one of the well-known display manufacturer however in 2012 alone the company lost over 75% of stock value in Tokyo Stock Exchange. Still, they’re ranked second for share in smaller LCD panels for smartphones and tablets.

Qualcomm is doing so most likely to use it to further their own development of mirasol display technology, which is planned to use low power and ability to see the display interface in direct sunlight. It will be great to see how this investment pays off for both.

This move however would probably let them own about 5% of the market share, however considering the losses Sharp is facing in the Tokyo Stock Market, even expecting a second consecutive loss. The money that they have received- and also $60 Million more if things work in their favour, this is what Sharp hoped to keep itself in business.

Source: VR-Zone

Roshan Ashraf Shaikh

Disqus Comments Loading...

Recent Posts

Plaion Launches Retro ZX Spectrum Computer

Plaion, a leading video game publisher, and Retro Games Ltd., a specialist in reimagined classic…

7 hours ago

NVIDIA Warns of GeForce RTX 40 Graphics Card Shortages in November and December

During the latest earnings call, NVIDIA CFO Colette Kress warned of a potential GPU supply…

8 hours ago

GeForce RTX 5090, RTX 5080, RTX 5070 Ti, and RTX 5070 Reportedly Coming in Q1 2025

Chinese sources say the GeForce RTX 5090, RTX 5080, RTX 5070 Ti, and RTX 5070…

8 hours ago

GTA 6 Already Winning Awards Before Its Launch

GTA 6 doesn’t have an official release date yet, but it has already earned a…

12 hours ago

DJI Osmo Mobile 6, 3-Axis Phone Gimbal

Stay on Point with ActiveTrack 6.0 - With upgraded tracking tech, OM 6 sticks to…

12 hours ago

Drayton Wiser Smart Radiator Thermostat TRV

Pack includes three Wiser Radiator Thermostats. These smart radiator thermostats are only designed to work…

12 hours ago