Qualcomm may become Sharp's biggest shareholder: sources

NEW INVESTOR: Qualcomm Inc may become Sharp Corp's biggest shareholder, a move that would give the struggling Japanese TV maker the backing of a big chipmaker and help reassure investors about its viability, two sources familiar with matter said. — Reuters

TOKYO: Qualcomm Inc may become Sharp Corp's biggest shareholder, a move that would give the struggling Japanese TV maker the backing of a big chipmaker and help reassure investors about its viability, two sources familiar with matter said.

The two technology firms are in talks for Qualcomm to invest as much as 10 billion yen (US$121.5mil or RM364.5mil) in Sharp, and to jointly develop a new generation of power-saving IGZO displays, the sources said on the condition they were not identified.