Samsung Just Gave Sharp $110 Million to Guarantee LCD Supply

Illustration for article titled Samsung Just Gave Sharp $110 Million to Guarantee LCD Supply

Sharp has just announced that it's getting a $110 million shot in the arm from Samsung. In turn, that will help guarantee Sammy as many LCD panels as it can use.

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The sum actually buys Samsung a three percent stake in Sharp—which sounds small but in fact makes it the biggest shareholder that isn't a financial institution (and the fifth-largest stakeholder overall!). In other words, that buys it power—and, crucially, access to Sharp's LCD supply. It's expected that Samsung will lap up its 32-inch television screens, in particular.

Sharp had previously been in talks with Taiwanese Hon Hai Precision to strike a similar deal, which fell through when Sharp's share price faltered. Sammy's gain, it seems. [Sharp via Verge]

Image by opopododo under Creative Commons license

DISCUSSION

hunterhunterhunter
hunterhunterhunter

LoL and the funniest part, Apple tried so hard to ween themselves from Samsung, and now has to deal with them all over again (or at least work with them)