Sharp confirms new investment will help expand its revenue and corporate value

Qualcomm invests $120m in joint display development with Sharp

Sharp has today announced that Qualcomm will invest $120 million in to the company to jointly develop IGZO low-power display technology.

Last week, PCR reported that Sharp was in negotiations with a number of companies, offering a stable supply of display technology in exchange for a financial boost.

Sharp has now revealed that it has reached a deal with Qualcomm and the two companies will jointly develop IGZO and MEMS display technology.

The displays use ultrafine process technology and provide low-power consumption.

“The development for commercialisation of MEMS display will be achieved by integrating Sharp’s core display technology, IGZO, and MEMS display technology of Pixtronix (a subsidiary of Qualcomm),” read Sharp’s official statement.

“With this agreement, Sharp will accelerate its strategy for growth in small- to medium- sized LCD business with IGZO-based display technology as its core, and expand its revenue and corporate value.”

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