Qualcomm Partners with Sharp to Make Mobile Displays
Qualcomm and Sharp have struck an agreement that will see the two companies co-develop LCD panels for smartphones, reports Reuters. Qualcomm is investing approximately $61 million in Sharp's display unit, which will use its indium-gallium-zinc oxide (IGZO) technology to make energy efficient displays for mobile devices. Qualcomm will make a second $61 million investment once Sharp has made "significant progress" with the displays. Qualcomm spent years developing its own low-power Mirasol displays, but they never got any traction in the market. Qualcomm ceased production of Mirasol displays in July of this year. According to Reuters, more details of the Qualcomm-Sharp deal are likely to be provided on Tuesday. Neither company has confirmed Reuters' report.