Japanese electronics maker Sharp is expected to accept a capital
infusion from US chip maker Qualcomm. Talks on the move are now in their
final stage for tech overhaul with new high-definition and power-saving
LCD panels.. Qualcomm investing about 122 million dollars in
Sharp. The Osaka-based firm is expected to receive part of the funds as
early as this month.Sharp is forecasting a record 5.5-billion-dollar
net loss for the
current fiscal year, due to a slump in its main TV and
liquid-crystal-display sectors.With finances it is essential if the firm
is to have any hope of restructuring.
Along with the capital tie-up, the two companies plan to jointly develop
next-generation display screens. Sharp's expertise will help provide
Qualcomm with new high-definition and power-saving LCD panels. The US
firm is developing the screens for smartphones.
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