Sharp and Qualcomm to create LCD panels for smartphones

Sharp and Qualcomm to create LCD panels for smartphones

Sharp and Qualcomm have signed an agreement that will allow both companies to work together on the creation of new LCD panels with lower power consumption for smartphones and the like.

The cooperation will include Sharp’s IGZO panels and financing from Qualcomm to futher improve Sharp’s panels and make them profitable on the market. Qualcomm will inject 61 million US dollars in Sharp with more financing possible down the road. In return Qualcomm will get up to 5 per cent of Sharp’s shares. As of now there’s no information when Sharp’s new panels will reach commercial availability.

Sharp has been losing market share and money in the past one year and the company needs fresh money in order to bring new products to market. Qualcomm and Sharp did not comment on the story.


Source: Reuters

Related posts

Velocity Micro updates NoteMagix ultrabook line

Building on the expected demise of netbooks Velocity Micro has updated its NoteMagix ultrabook line with three new models, which despite being very light and small-sized, have managed to include a fully working DVD optical drive. The new models in question include the U430, U450...

Samsung starts mass production of LPDDR3 memory for mobile devices

Korean tech giant Samsung has started mass production of 2 GB LPDD3 memory for mobile devices, which means that soon we will witness a new era in the mobile world. The new mobile memory achieves memory bandwidth of 12.8 GB/sec or 1600 MB/sec per pin, which makes it about 50 per cent...

Bizarre Creations' Blur Races Hits The Stores Today

Activision Publishing announced today that Bizarre Creations' highly-anticipated racing video game entitled "Blur" is now available through all retail outlets around the nation. The game is developed by Bizarre Creations, and delivers a next-generation racing experience to both hardcore and...

Leave a comment