Samsung invests $111M in Sharp to buoy display business
Sharp said it will issue 35.8 million shares to give Samsung's Japanese electronics unit an approximate 3 percent stake in the company. Sharp noted in a press release that the investment "is to build up mutual trust" in the liquid crystal display business and at the same time boost Sharp's capital position.
The new partnership will ensure that Samsung receives a steady supply of large LCD panels for TVs and small and medium … Read more