Sharp said move Samsung hit ten billion yen of shares, will be expanded to provide LCD panel to improve the performance

Mar

6

2013

Sharp said the move Samsung hit ten billion yen of shares, will be expanded to provide LCD panel to improve the performance
Samsung Sharp market analysis related news screen

Sharp is working with Samsung to discuss capital and business cooperation, which is the Sharp recently since the second large-scale cooperation in the case.

Sharp issued a public statement in the 6th, and establish a capital partnership with Samsung confirmed by Samsung invested 10.4 billion yen (about NT $ 3.3 billion) to buy Sharp 3.08% stake. Meanwhile, Sharp will increase the number of supply Samsung LCD panel, contains a large LCD TV, mobile devices and laptop, Tablet PC products, to establish long-term and stable supply chain relationships.

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Sharp accounted for 10.4 billion yen inside, is scheduled to come up with 6.9 billion yen (about NT $ 22 billion) into the new technology of high-definition LCD screen, and another 3.234 billion yen (about NT $ 1 billion 27 million yuan) will be used as a mobile device’s LCD manufacturing equipment investment.

At the same time, Sharp think this capital Tixie relations, will help to stabilize the liquid crystal panel business. Future growth direction to ensure that the cause of reform, and to achieve results and restore market trust.

Incidentally, Sharp in December last year, has to import from Qualcomm 9.9 billion yen (about NT $ 31 billion 40 million) of funds, a total of 5% stake. The cooperation with Samsung, Sharp recently second large-scale cooperation in the case.

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