samsung takes 3% stake in japan\'s sharp
Get a lot of supply at Sharp. LCD panel size.
The deal gives Samsung a 3% stake in Osaka.
Based on sharp and large supply
LCD panel size for TV.
Samsung said in a statement that the investment would help strengthen Sharp\'s LCD panel business.
The South Korean company, known for its Galaxy smartphones and tablets, said it would not participate in Sharp\'s management.
The alliance is a boost for the troubled Japanese company, which has been seeking to raise funds as part of its transformation plan.
Manufacturers of Igzo display screens and Aquos TVs have been struggling to survive because competition from Korean and Chinese TV makers has squeezed Japanese manufacturers, it also squeezed the LCD industry in which they made large-scale capital investments in the fierce competition.
Sharp has been negotiating with Taiwan.
Headquartered in Hon Hai Precision Industry Co. , Ltd. , also known as Foxconn, aims to raise funds but no agreement has been reached.
The company announced 9 in December.
Qualcomm invested 9 billion yen to jointly develop new display technology.
Sharp\'s Kameyama and Sakai in Japan have LCD panel factories that produce small and medium-sized-
The size panel of the smartphone and the large panel of the TV.
The deal with Samsung has helped sharp boost the output of the display.
Sharp\'s panel customers include Samsung\'s rivals Apple and Samsung, although most of the South Korean company\'s panels are supplied with Samsung monitors, its affiliates.
Sharp forecasts a record 450 billion yen ($5 billion)
The company, which has lost money this year, has been working to cut costs and reshape its business, in part because it has invested in expensive factories in Japan that produce panels that have fallen sharply overseas.
These factories reflect Sharp\'s technological advantages, but they also subject sharp to fluctuations in the yen.
The deal is Samsung\'s latest investment in Japanese companies, and with the rise of won, Samsung has a lot of cash and a strong overseas purchasing power.
In January, the company acquired a 5% stake in Wacom, a Japanese company with digital pen technology.