Reuters: Technology News: Sharp says won't get second part of Qualcomm investment by March 29

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Sharp says won't get second part of Qualcomm investment by March 29 Mar 18th 2013, 00:05 Tweet Share this Email Print Related News Samsung gets a foot in at key Apple supplier Sharp with $110 million investment Wed, Mar 6 2013 Samsung set to give Sharp $110 million lifeline, shares soar Tue, Mar 5 2013 Sharp revival plan unlikely to include Hon Hai capital: sources Fri, Feb 22 2013 A woman walks past the Sharp Corp's Logo at a train station in Tokyo March 6, 2013. Credit: Reuters/Yuya Shino TOKYO | Sun Mar 17, 2013 8:05pm EDT TOKYO (Reuters) - Sharp Corp said on Monday it would not be getting a second payment in a planned investment from U.S. Qualcomm Inc by March 29, though it is still in talks with the chipmaker over the investment. Sharp said in December that Qualcomm will invest as much as $120 million in it, helping the Japanese firm's efforts to remain viable. An initial investment was made but the remaining investment was conditional on Sharp returning to profit in the second half of the business year ending on March 31. Sharp said in statement on Monday that it was still discussing terms of the investment with Qualcomm. The two companies said in December that Qualcomm, through its Pixtronix subsidiary, will work with Sharp to develop new power-saving screens based on Sharp's IGZO technology. (Reporting by Dominic Lau; Editing by Edwina Gibbs) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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