Qualcomm to invest $120 million in Sharp

The agreement comes after the maker of Aquos TVs nearly doubles its net loss forecast for the year to March, as a strong yen and intense competition roil Japanese electronics makers.
<div style="text-align: left;"> Sharp's business has been hurt by the global economic slowdown </div>
<div style="text-align: left;"> Sharp's business has been hurt by the global economic slowdown </div>
December 05, 2012

Qualcomm, a US semiconductor company, has agreed a deal with Sharp to invest as much as $120 million in the Japanese electronics maker, which is struggling to turn around its balance sheet.

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