Samsung gets a foot in at key Apple supplier Sharp with $110 million investment

TOKYO/SEOUL (Reuters) - Samsung Electronics Co , with a $110 million investment in cash-strapped Sharp Corp , will broaden its supplier base, gain access to low-power thin screen technology and get a foot in the door at one of Apple Inc's key Asian display suppliers. The relatively low-cost deal will leave Samsung with a 3 percent stake in Japan's TV pioneer, making it a leading foreign shareholder alongside chipmaker Qualcomm Inc , which in December agreed to invest as much as $120 million. Shares in Sharp, which was bailed out by its banks last October, jumped on news of the lifeline. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/samsung-gets-foot-key-apple-supplier-sharp-110-100844291--finance.html