Quantcast
Latest Stories

Samsung invests $112 million in Japan’s Sharp



AP FILE Photo

SEOUL, South Korea— 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.

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.


Follow us on Facebook Follow on Twitter Follow on Twitter




Recent Stories:

Warriors beat Clippers in playoff opener 31 mins elapsed Messy warehouse belongs to Unicef, WFP, says Soliman 2 hours elapsed Suspected Abu Sayyaf rebels release hostage 2 hours elapsed New meaning of Easter in Samar 2 hours elapsed Colombia hopes to share Garcia Marquez remains 2 hours elapsed Show-biz celebrities’ other choices of summer getaway 2 hours elapsed Holy fire ceremony draws thousands in Jerusalem 2 hours elapsed Tanchanco, former NFA head; 83 3 hours elapsed
Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Japan , LCD panels , Samsung , Samsung Electronics , Sharp Corp. , technology

  • http://pulse.yahoo.com/_NWTWAWQO7MWPOD75YHMUCR2IWU Mux

    Sharp is not so sharp….:)



Copyright © 2014,
.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement Advertisement

News

  • Messy warehouse belongs to Unicef, WFP, says Soliman
  • Suspected Abu Sayyaf rebels release hostage
  • New meaning of Easter in Samar
  • Colombia hopes to share Garcia Marquez remains
  • Holy fire ceremony draws thousands in Jerusalem
  • Sports

  • Warriors beat Clippers in playoff opener
  • Pacquiao top Mayweather contender
  • Rain or Shine, Ginebra clash for No. 6 spot
  • Ateneo eyes quarterfinal spot vs Benilde
  • Style contrast marks OneFC ‘Rise of Heroes’
  • Lifestyle

  • Noli Yamsuan, Cardinal Sin’s ‘official’ photographer: ‘I could smell the aftershave lotion of the Pope’
  • Simplifying and lightening life
  • Where to go for Easter night-out
  • Joe de Venecia visits the Queen Mother of Cambodia
  • Fashionistas flock to designer’s wedding
  • Entertainment

  • Show-biz celebrities’ other choices of summer getaway
  • Why ‘Noah’ can’t dock his ark at Philippine theaters
  • Acclaimed artist goes wild while on holiday
  • Believing in this mermaid
  • Missing Xian
  • Business

  • Top-selling insurance agent opens her dream café
  • Connecting and transacting with one another
  • Building wealth for health
  • Why Mandaue Foam buys, rather than rents, space
  • A workplace of new possibilities
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Epiphany
  • Unpaid creditor vs distressed debtor
  • Moving on
  • From culinary desert to paradise
  • Response to China: ‘Usjaphil’
  • Global Nation

  • Asia seeks Obama’s assurance in territorial spats
  • Cesar Chavez movie sparks memories of Fil-Am labor leaders
  • Filipinos in US poised for success
  • Visas for priests and other faith leaders
  • DOH to continue tracking co-passengers of OFW infected with MERS virus
  • Advertisement
    Marketplace