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.
Sharp Shows Off Curved Display Concept
Sharp this week revealed a concept smartphone screen that has actual curved corners and nearly no bezels. The concept panel is called Corner R.
Foxconn Makes a Play for Sharp
Foxconn has offered to buy Sharp for $5.3 billion, reports the Wall Street Journal. Foxconn's offer arrives just as Sharp is weighing a buyout offer from Innovation Network Corporation of Japan.
Sharp May Have Found Buyer for LCD Business
Sharp CEO Kozo Takahashi said the company is in talks with several others concerning a sale of its LCD business unit. "I cannot provide any names, but we are currently in negotiations with multiple companies," said Takahashi.
Sharp Accepts Lowered Takeover Bid from Foxconn
Foxconn has agreed to acquire a 66% stake in Sharp for $3.5 billion, said the companies today. The sale price is considerably less than the $5 billion Foxconn offered earlier in the month.
Apple Sues Qualcomm In China
Apple has filed a fresh lawsuit against Qualcomm, this time in China where it alleges Qualcomm abused its market position to score higher patent-licensing fees. Apple also said Qualcomm failed to honor its promise to license standard essential patents at fair rates, reports Reuters.