Sharp has just announced that it’s getting a $US110 million shot in the arm from Samsung. In turn, that will help guarantee Sammy as many LCD panels as it can use.
The sum actually buys Samsung a 3 per cent stake in Sharp — which sounds small but in fact makes it the biggest shareholder that isn’t a financial institution (and the fifth-largest stakeholder overall!). In other words, that buys it power and, crucially, access to Sharp’s LCD supply. It’s expected that Samsung will lap up its 32-inch television screens, in particular.