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Qualcomm completes first half of $120m investment in Sharp, the rest will follow in March

The Next Web : Earlier this month chip-maker Qualcomm rode into town as Sharp’s knight in white armor after agreeing to invest $120 million in the troubled Japanese electronics firm. Today Sharp confirmed the completion of the first half of the deal — which will see the two companies jointly work on MEMS display technologies — with the company banking an initial $60 million. Given Sharp’s recent shaky finances, this milestone is important.

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