Quantcast

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.









Recent Stories:

COA tells Bongbong Marcos: Return P10M pork 1 hour elapsed Underachiever finds his/her niche 2 hours elapsed Joseph Marco shrugs off ‘gay’ rumor 2 hours elapsed Employment in BPO sector hits 1-M mark 2 hours elapsed Local banks begin raising loan rates 2 hours elapsed Fury over dog killed on Hong Kong subway 2 hours elapsed DENR rejects finding Cebu trees need not be killed 2 hours elapsed ‘Lupin III’ in PH theaters in September 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.

  • 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
Advertisement
Marketplace