Sharp to miss investment deadline issued by Qualcomm -- report
After failing to advance far enough toward a manufacturing process goal, Sharp says that it will miss a March 29 deadline to receive the second half of a $120 million investment from chipmaker Qualcomm.
In December, the ailing Japanese electronics maker said it reached a partnership with U.S.-based Qualcomm, which agreed to invest $120 million in a project to jointly develop display panels. However, as reported by Reuters, Qualcomm's conditions included the stipulation that Sharp meet strict deadlines to fabricate power-conserving screens, and as a result, Sharp will not yet be granted the remaining $60 million the … Read more