Qualcomm takes a stake in Sharp




Qualcomm, the chip maker controlled by the Jacobs family, has invested $120 million in Sharp, the Japanese electronics company that has been on the brink of collapse, the

New York Times


DealBook blog reported.

Qualcomm is likely to become Sharp’s biggest shareholder with a stake of 2.65%, the

Times

article said. The two companies will collaborate on developing liquid crystal displays based on a new Sharp technology, the report said. (Source: DealBook,

New York Times,

Dec. 4, 2012.)

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