Samsung invests $112 million in Sharp to secure LCD supply

Samsung invests $112 million in Sharp to secure LCD supply

Sharp has just confirmed reports that it is getting a 10.4 billion yen (about $111.6 million) capital infusion from Samsung. While that sum only gives Samsung a three percent stake in Sharp, it would make it the biggest individual shareholder that isn’t a financial institution and the fifth-largest stakeholder overall. The deal gives Samsung access to Sharp’s LCD supply (particularly its 32-inch television screens), and Sharp will use the cash to expand and improve its TV and smartphone panel production. Continue reading…

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Samsung invests $112 million in Sharp to secure LCD supply

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