Qualcomm reportedly invests $120 million into Sharp

For those who have been diligently following the news, you might have heard that Sharp could have run into some financial trouble, and according to the rumors, companies like Foxconn, Apple and Intel might be interested in investing in the company not only to keep it afloat, but for some of its technologies, such as IGZO which has been rumored in the past to be used by some of Apple’s products. As it turns out according to a report by the Wall Street Journal, Sharp’s savior has come in the form of Qualcomm who reportedly has agreed to invest $120 million into the ailing Japanese company. According to the report, this investment will allow both Sharp and Qualcomm to work together and help with further development of Sharp’s IGZO technology, which supposedly is what Sharp is betting the farm on to help with its survival. However considering that Apple relies a fair bit on Sharp for its technology, especially since they are apparently looking to lessen their reliance on Samsung, perhaps Apple might have helped Sharp out financially too, albeit on the down low.

Tyler Lee
Categories: General
Tags: Qualcomm, Sharp