Qualcomm today announced that it has expanded an agreement between a subsidiary and Sharp and taken an equity stake in the ailing electronics maker.
Sharp and Qualcomm subsidiary Pixtronix already have a display technology agreement between them, according to Qualcomm. This new deal extends that partnership. The agreement centers on displays using Sharp's IGZO technology, which is widely considered one of the best options for visual quality in the industry.
As part of the agreement, Qualcomm has dropped some cash in Sharp, earning it a minority stake in the company.
Sharp saw its sales drop 16 percent year-over-year to … Read more