Qualcomm to inject capital in Sharp

Japanese electronics maker Sharp is expected to accept a capital infusion from US chip maker Qualcomm. Talks on the move are now in their final stage for tech overhaul with new high-definition and power-saving LCD panels.. Qualcomm investing about 122 million dollars in Sharp. The Osaka-based firm is expected to receive part of the funds as early as this month.Sharp is forecasting a record 5.5-billion-dollar net loss for the current fiscal year, due to a slump in its main TV and liquid-crystal-display sectors.With finances it is essential if the firm is to have any hope of restructuring.

Along with the capital tie-up, the two companies plan to jointly develop next-generation display screens. Sharp's expertise will help provide Qualcomm with new high-definition and power-saving LCD panels. The US firm is developing the screens for smartphones.