Samsung Invests $110M in Ailing Sharp
Samsung has bought a 3% stake in Sharp, one of its competitors, in order to widen is supply base, reports Reuters. Samsung's $110 million investment follows a $120 million investment made in Sharp by Qualcomm in December. Sharp has struggled in recent years, and needs the influx of cash. Sharp's most promising product is high-resolution indium gallium zinc oxide (IGZO) display screens, which are thinner and use dramatically less energy than the OLED displays Samsung currently favors in its mobile devices. Qualcomm also wants to work with Sharp to bring its IGZO displays to market, which would be ideal for smartphones and tablets. Last, Sharp is one of Apple's key suppliers, and this investment gives Samsung a stake in the company as Apple winds down its reliance on Samsung for components.
Nov 7, 2017
Apple today released iOS 11.2 Beta 2 to public testers, one day after releasing the developer variant. Of note, iOS 11.2 Beta 2 introduces the Apple Pay Cash tool that Apple announced earlier this year.
Dec 31, 2018
President Donald Trump is weighing new action against Chinese telecommunications equipment makers Huawei and ZTE, says Reuters. The President might issue an executive order that would bar U.S.
May 23, 2017
LeEco today said it will largely erase its corporate presence in the U.S. as it refocuses its efforts here.
Sep 22, 2017
T-Mobile and Sprint have made significant progress in ironing out merger terms, according to Reuters. T-Mobile and Sprint have made a "major breakthrough" on a merger between them.
Dec 14, 2018
T-Mobile and Sprint expect their proposed merger will be given the green light by government security officials as soon as next week, according to a report from Reuters. The Committee on Foreign Investment in the United States (CFIUS) has been reviewing the merger for potential security issues.