Samsung Electronics Co. is investing 10.4 billion yen ($111.5 million) in Sharp Corp. to secure a supply of large-size LCD panels.
Samsung announced the deal Wednesday. The agreement gives Samsung a 3 percent stake in Osaka-based Sharp and a supply of large-size LCD panels for televisions.
The alliance is expected to help the troubled Japanese company that has been seeking to raise capital as part of its turnaround plan.
Sharp announced in December a 9.9 billion yen investment from Qualcomm Inc. to jointly develop future display technology. It has been in talks with Taiwan-based Hon Hai Precision Industry Co. to raise capital.
Advertisement
The deal is the latest investment in Japanese firms by Samsung. In January, it acquired a 5-percent stake in Wacom Co., a Japanese firm with digital pen technology.
? 2013
AP DIGITAL
This story is sourced direct from an overseas news agency as an additional service to readers. Spelling
follows North American usage, along with foreign currency and measurement units.
brian mcknight sbux nfldraft asante samuel salton sea arizona immigration law aubrey huff
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.