Qualcomm reinvested Sharp 6048 thousand USD as the third largest shareholder

June 7, 2013, according to Japan's Kyodo News reported that the U.S. chip giant Qualcomm previously signed by Sharp plans to inject $ 60.48 million, totaling approximately $ 110 million investment plan fully funded, Qualcomm also reach beyond the same with Sharp Cooperation Agreement Samsung Electronics, Sharp became the third largest shareholder. Business restructuring period in Japan Sharp has officially announced that Qualcomm will be June 25 to the second capital injection Sharp, Sharp and Qualcomm in accordance with previous cooperation agreement, Qualcomm will pay approximately $ 60,480,000 Sharp, December 2012 Qualcomm had Sharp inject all the investment plan is completed, Qualcomm twice before investing a total of $ 110 million to Sharp, affected by the depreciation of the yen, slightly higher than the original investment amount invested expectations. Qualcomm's stake in Sharp proportion will rise to 3.53 percent, surpassing the same business cooperation agreement with Sharp reached the South Korea's Samsung Electronics, Sharp became the third largest shareholder, is also in addition to financial institutions and government, the largest shareholder.
Qualcomm completion of capital injection, Sharp's new panel is expected to mass production stage MEMS, MEMS samples have been completed now, Qualcomm and Sharp will jointly promote the commercialization of MEMS panel. For Sharp, the high-pass injections difficult to fundamentally solve operational difficulties Sharp, Sharp has been huge losses for two consecutive years, as of the end of March 2013, Sharp's own capital proportion has dropped to 6.0%.