Samsung has just completed a cash injection into ailing electronic manufacturer Sharp, a move that was speculated about yesterday with Samsung confirming the investment deal a short while ago.
Samsung, through Samsung Electronics Japan, has given Sharp $112 million and in return the South Korean company will be receiving a 3.08% stake in the Japanese electronics company.
The deal will “further strengthen the alliance [between the two companies] and continuously provide a long-term, stable and timely output of LCD panels for large-size TVs and small- and medium-size LCD panels for mobile devices such as notebook computers.” So it looks as though Sharp has secured a place to send more of their displays while Samsung could possibly increase device output at the same time.
There is also a chance that Sharp’s IGZO displays will find their way into Samsung hardware before long.
Source: Engadget