Japanese electronics manufacturer Sharp Corporation expects to receive about 10 billion yen (about 108 million U.S. dollars) in investment from Samsung Electronics, the world’s No. 1 smartphone maker, local press reported on Wednesday.
The Osaka-based company is in the final stage of talks with the South Korean electronics giant for the capital tie-up while the two rival companies are discussing a long-term arrangement to supply Sharp’s LCD panels to Samsung according to the daily Mainichi Shimbun.
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