Sharp Corp. said it reached an agreement for Qualcomm Inc. to invest up to ¥9.9 billion ($120.4 million), in what is expected to be the first in a series of capital injections to shore up the Japanese electronics manufacturer’s finances.
The companies said Tuesday that they also will work together to develop displays using a new Sharp liquid-crystal-display technology and Qualcomm’s emerging low-power-display technology.
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