If you’re not reaching, engaging, and monetizing customers on mobile, you’re likely losing them to someone else. Register now for the 8th annual MobileBeat
, July 13-14, where the best and brightest will be exploring the latest strategies and tactics in the mobile space.
Samsung’s latest strategy? Nabbing tiny stakes in companies it relies heavily on.
After grabbing a 5 percent stake in Wacom earlier this year, Samsung has now invested around $112 million in Sharp for a 3.08 percent stake.
Samsung relies heavily on Sharp for the displays in its big-screen televisions and mobile devices, so the deal will strengthen their relationship even further. Sharp also sorely needs the cash, after laying off 10,000 workers and selling three of its plants to Foxconn last year. It could also make Sharp less reliant on Apple, which uses its displays for iPhones and iPads, the Wall Street Journal points out.
The deal is scheduled to be completed on March 28, 2013. About two-thirds of the investment is slated to go towards “introduction of new technology for LCDs with high-definition features,” which likely means the development of higher-resolution LCDs for mobile devices. One third of the investment will go towards “rationalization of manufacturing facilities used in mobile devices,” including displays for tablets and notebooks.
Photo: Sean Ludwig/VentureBeat
VB's research team is studying mobile user acquisition...
Chime in here, and we’ll share the results