San Diego, California, USA - December 04, 2012 - Qualcomm Incorporated (NASDAQ: QCOM) today announced the expansion of its display technology agreement between its subsidiary Pixtronix, Inc. and Sharp Corporation to develop and commercialize high-quality color, low-power MEMS displays incorporating IGZO (Indium Gallium Zinc Oxide) technology and built utilizing existing LCD manufacturing infrastructure, and Qualcomm's equity investment in Sharp Corporation. As a result of the equity investment, Qualcomm will become a minority shareholder in Sharp.
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Sharp PN-E802/PN-E702/PN-E602 LCD MONITOR
Sharp's Big-Screen LCD Monitor - Sized for Impact, Designed for Style
Sized for impact, the PN-E802/E702/E602 boasts an 80-inch monitor big enough to showcase life-size images of people and also offers impressively large 70- and 60-inch models.
This convenient choice of screen sizes means there’s a large, high-quality professional LCD monitor to fit any number of indoor venues, including offices, conference rooms, retail settings, and public spaces.
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San Diego, California, USA – December 04, 2012
Qualcomm Incorporated (NASDAQ: QCOM) today announced the expansion of its display technology agreement between its subsidiary Pixtronix, Inc. and Sharp Corporation to develop and commercialize high-quality color, low-power MEMS displays incorporating IGZO (Indium Gallium Zinc Oxide) technology and built utilizing existing LCD manufacturing infrastructure, and Qualcomm’s equity investment in Sharp Corporation.
As a result of the equity investment, Qualcomm will become a minority shareholder in Sharp.
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Sharp PN-V601 LCD Monitor
Ultra-Slim Bezel Creates New Multi-Screen World
Courtesy of Sharp |
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Qualcomm’s equity investment in Sharp and the expanded joint development agreement build upon the existing work between Sharp and Pixtronix as the two companies have been engaged in development activities for the last year and a half.
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Sharp PN-V601 LCD Monitor
Ultra-Slim Bezel Creates New Multi-Screen World
Courtesy of Sharp |
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The goal of this joint effort is to accelerate commercialization of Pixtronix’s low power MEMS displays utilizing Sharp’s IGZO technology.
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Sharp PN-V602 LCD MONITOR
Sharp Quality and Brilliance - for Utterly Sensational Signage
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The equity investment by Qualcomm will take place in stages and the consummation of the transaction is subject to certain contingencies.
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Derek Aberle, Executive Vice President and Group President of Qualcomm.
Courtesy of Qualcomm |
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“As one of the leading electronics companies in the world, Sharp has an established industry brand and is a recognized leader in the development and commercialization of new innovative display technologies,” said Derek Aberle, executive vice president and group president of Qualcomm.
“Expanding our existing relationship with Sharp to jointly commercialize new MEMS display technologies will help both companies realize their shared goal of driving high performance, lower power displays for a variety of devices, including smartphones and tablets.”
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Yoshisuke Hasegawa, Executive General Manager, Display Device Business; Group General Manager, Display Device Development Group of Sharp Corporation.
Courtesy of Sharp |
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“Sharp has brought many innovations to the display industry, including the world’s first commercialization of IGZO technology in LCD displays this year,” said Yoshisuke Hasegawa, executive managing officer of Sharp Corporation.
“Sharp is targeting to accelerate the commercialization of MEMS displays by combining Sharp’s cutting-edge IGZO technology and Pixtronix’s MEMS display technology.”
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Sharp PN-A601 LCD Monitor
60 Inches of Unprecedented Brightness and Stunning High Definition
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About Qualcomm Incorporated
Qualcomm Incorporated (NASDAQ: QCOM) is the world leader in 3G, 4G and next-generation wireless technologies.
Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT.
For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other.
For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.
Qualcomm Contacts
Emily Kilpatrick
Corporate Communications
p: 1-858-845-5959
e: corpcomm@qualcomm.com
Warren Kneeshaw
Investor Relations
p: 1-858-658-4813
e: ir@qualcomm.com
Source: Qualcomm Inc.
http://www.qualcomm.com/media/releases
Capital Alliance with Qualcomm, Inc. and Display Technology Development Agreement with its Subsidiary Pixtronix, Inc.
Sharp Corporation (hereafter "Sharp") today announced that the Company has reached an agreement with Pixtronix Inc. (hereafter Pixtronix), a subsidiary of Qualcomm Incorporated (hereafter "Qualcomm", NASDAQ: QCOM), concerning the development of Pixtronix's MEMS (Micro Electro Mechanical Systems) displays.
In addition, Sharp signed the capital alliance agreement and will issue new shares by a third party allotment (hereafter "This Third Party Allotment") with Qualcomm Incorporated, a world leader in 3G, 4G and next-generation wireless technologies, as the allottee.
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Sharp PN-L802B/L702B/L602B Touch-Screen LCD Monitor
Share, Collaborate, Communicate - An Intuitively Easy Touch-Screen Solution
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MEMS display to be developed jointly by the two companies is a display using ultrafine process technology and existing display manufacturing infrastructure with features including high color reproducibility and low-power consumption.
The development for commercialization of MEMS display will be achieved by integrating Sharp’s core display technology, IGZO (InGaZnO) and MEMS display technology of Pixtronix.
IGZO (InGaZnO) is an oxide comprising indium (In), gallium (Ga), and zinc (Zn).
A thin-film transistor using this material has been developed by Sharp in collaboration with Semiconductor Energy Laboratory Co., Ltd., a company based in Kanagawa, Japan, and led by President Shunpei Yamazaki.
In addition, Sharp is planning to accept up to 9.9 billion yen (Equivalent to 120 million U.S. dollars calculated by exchange rate of December 3, 2012) from Qualcomm in equity investment to pursue this joint development.
This capital will be used for the development of MEMS display and necessary capital investments related thereto targeting for the achievement of the technology for commercialization.
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Sharp PN-L802B/L702B/L602B Touch-Screen LCD Monitor
Share, Collaborate, Communicate - An Intuitively Easy Touch-Screen Solution
Courtesy of Sharp |
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With this agreement, the two companies will consider the possibility of further collaboration of chipsets by Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated and IGZO-based display technology for lower power consumption and higher performance of mobile terminals.
With this agreement, Sharp will accelerate its strategy for growth in small- to medium- sized LCD business with IGZO-based display technology as its core, and expand its revenue and corporate value.
Summary of the joint development and capital alliance
1. Development for the Commercialization of Next Generation Display
• The next generation display will be jointly developed integrating Sharp’s IGZO-based display technology and Pixtronix's MEMS display technology. The joint development will establish facilities in the LCD panel plant in Sharp Yonago Corporation (location: Yonago city, Tottori prefecture, Japan) for development of the technology for commercialization.
• The development for next generation displays and necessary investment will begin immediately. At the point when the development of the technology for commercialization is confirmed to be feasible, we will move to the next stage by implementation of equipment targeting to achieve mass production technology.
2. This Third Party Allotment
Sharp will issue new shares by third party allotment with Qualcomm as the allottee by each stage of joint development of the technology for commercialization.
The second stage is contingent upon achieving certain milestones.
Source: Sharp Corporation
http://www.sharp-world.com/
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