Samsung Invests $111.6 million Into Sharp
Interestingly despite both Samsung and Sharp being competitors in the form of supplying display panels, it looks like Samsung will be lending Sharp a helping hand in the form of a $111.6 million investment. It is not news that Sharp hasn’t been doing too well recently in terms of their financials, and according to previous reports companies such as Apple, Intel, Qualcomm and even Foxconn were interested in helping out to keep Sharp afloat. Samsung’s investment of $111.6 million will net them a 3% stake in the company, making them the fifth largest stakeholder overall, and the largest individual shareholder that isn’t a financial institution. The deal made by Samsung will also give the South Korean company access to Sharp’s supply of LCD screens, and Sharp is also expected to use the money to help improve their TV and smartphone display panel production.
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